Mitsubishi Motors Corporation is really a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was this sixth biggest Japanese automaker as well as the sixteenth biggest worldwide through production. From October 2016 onwards, Mitsubishi is majority-owned simply by Nissan, and thus a section of the Renault-Nissan Alliance.Besides being part on the Renault-Nissan Alliance, it is also an element of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's group 20% stake in Mitsubishi Engines, and the company had been originally formed in 1970 through the automotive division of Mitsubishi Large Industries.Mitsubishi Fuso Truck along with Bus Corporation was formerly an integral part of Mitsubishi Motors, but is now separate from Mitsubishi Motors, which builds commercial quality trucks, buses and heavy development equipment, and is owned by simply Daimler AG.
Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Style A, Japan's first series-production car. An entirely hand-built seven-seater sedan based on the Fiat Tipo 3, it proved expensive in comparison with its American and American mass-produced rivals, and was discontinued with 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged using the Mitsubishi Aircraft Co., a company established in 1920 to manufacture aircraft engines and also other parts. The unified company was generally known as Mitsubishi Heavy Industries (MHI), and was the major private company in The japanese. MHI concentrated on manufacturing aircraft, ships, railroad cars and machines, but in 1937 created the PX33, a prototype sedan with regard to military use. It was the initial Japanese-built passenger car with full-time four-wheel drive, a technology the company would resume almost fifty years later in its search for motorsport and sales good results.
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Immediately following the end of the 2nd World War, the company returned to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled freight vehicle called the Mizushima along with a scooter called the Metallic Pigeon were also designed. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered being dismantled by the Allied powers in 1950, and Mitsubishi Heavy Industries was separated into three regional companies, each with an involvement in auto development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries begun importing the Henry L, an inexpensive American four door built by Kaiser Power generators, in knockdown kit (CKD) type in 1951, and continued to bring those to Japan for the remainder with the car's three-year production manage. The same year, Central Japan Heavy-Industries concluded a comparable contract with Willys (currently owned by Kaiser) regarding CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps inside production until 1998, thirty years after Willys independently had replaced the product.
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By the start of the 1960s Japan's economic system was gearing up; wages were rising and thinking about family motoring was taking off. Central Japan Heavy-Industries, now known as Tibia Mitsubishi Heavy-Industries, had already re-established a good automotive department in it is headquarters in 1953. Now it was able to introduce the Mitsubishi 500, a mass market four door, to meet the fresh demand from consumers. It followed this in 1962 with all the Minica kei car and also the Colt 1000, the first of its Colt line of family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair as a luxury car primarily for the Japanese market, and was used by simply senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (at this point renamed Mitsubishi Shipbuilding & Engineering) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments from the 1950s, and the three ended up re-integrated as Mitsubishi Weighty Industries in 1964. Within three years the output was over seventy-five, 000 vehicles annually. Following the successful introduction of the first Galant in 1969 and similar growth which consists of commercial vehicle division, it was decided how the company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) had been formed on April 23, 1970 as a completely owned subsidiary of MHI beneath the leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].
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The particular logo of three red-colored diamonds, shared with over forty other companies within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen simply by Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive in the emblem of the Tosa Tribe who first employed your ex, and because his unique family crest was 3 rhombuses stacked atop the other. The name Mitsubishi is really a compound of mitsu ("three") and also hishi (literally, "water chestnut", often used in Japoneses to denote a precious stone or rhombus).
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