Mitsubishi Motors Corporation can be a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was this sixth biggest Japanese automaker along with the sixteenth biggest worldwide by production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part of the Renault-Nissan Alliance, it is also part of Mitsubishi keiretsu, formerly the biggest commercial group in Japan, through the corporation's minority 20% stake in Mitsubishi Generators, and the company ended up being originally formed in 1970 through the automotive division of Mitsubishi Large Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly a part of Mitsubishi Motors, but is now separate from Mitsubishi Motors, which builds commercial class trucks, buses and heavy design equipment, and is owned through Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Product A, Japan's first series-production car or truck. An entirely hand-built seven-seater sedan based on the Fiat Tipo 3, it proved expensive compared to its American and Western mass-produced rivals, and was discontinued in 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established within 1920 to manufacture aircraft engines along with other parts. The unified company was generally known as Mitsubishi Heavy Industries (MHI), and was the largest private company in Okazaki, japan. MHI concentrated on production aircraft, ships, railroad cars and machinery, but in 1937 formulated the PX33, a prototype sedan for military use. It was the initial Japanese-built passenger car along with full-time four-wheel drive, a technology the company would return to almost fifty years later in its quest for motorsport and sales accomplishment.
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Rigtht after the end of the 2nd World War, the company returned to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled cargo vehicle called the Mizushima along with a scooter called the Sterling silver Pigeon were also formulated. However, the zaibatsu (Japan's family-controlled commercial conglomerates) were ordered for being dismantled by the Allied properties in 1950, and Mitsubishi Heavy Industries was split up into three regional companies, each with an involvement in motorized vehicle development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries begun importing the Henry M, an inexpensive American car built by Kaiser Power generators, in knockdown kit (CKD) type in 1951, and continued to bring them to Japan for the remainder on the car's three-year production manage. The same year, Central Japan Heavy-Industries concluded much the same contract with Willys (today owned by Kaiser) with regard to CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps within production until 1998, thirty years after Willys on their own had replaced the design.
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By the start of the 1960s Japan's economic climate was gearing up; wages were rising and the thinking behind family motoring was removing. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established an automotive department in it is headquarters in 1953. Now it was wanting to introduce the Mitsubishi 500, a mass market car, to meet the fresh demand from consumers. It followed this in 1962 with all the Minica kei car along with the Colt 1000, the first of its Colt distinctive line of family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair like a luxury car primarily to the Japanese market, and was used by senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Executive) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments inside the 1950s, and the three were re-integrated as Mitsubishi Major Industries in 1964. Within three years it is output was over 80, 000 vehicles annually. Following the successful introduction on the first Galant in 1969 and similar growth featuring a commercial vehicle division, it was decided that this company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) has been formed on April twenty two, 1970 as a fully owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer through the aircraft division. [citation needed].
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This logo of three red diamonds, shared with over forty others within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen by means of Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive on the emblem of the Tosa Clan who first employed your ex, and because his very own family crest was three rhombuses stacked atop the other. The name Mitsubishi is really a compound of mitsu ("three") as well as hishi (literally, "water chestnut", often used in Japoneses to denote a precious stone or rhombus).
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