Mitsubishi Motors Corporation is often a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the actual sixth biggest Japanese automaker plus the sixteenth biggest worldwide by means of production. From October 2016 onwards, Mitsubishi is majority-owned through Nissan, and thus a part of the Renault-Nissan Alliance.Besides being part on the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest commercial group in Japan, through the corporation's minority 20% stake in Mitsubishi Motors, and the company had been originally formed in 1970 through the automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly an element of Mitsubishi Motors, but is now independent from Mitsubishi Motors, which builds commercial level trucks, buses and heavy development equipment, and is owned by Daimler AG.
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Mitsubishi's automotive origins date back to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Style A, Japan's first series-production vehicle. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive compared to its American and Western mass-produced rivals, and was discontinued throughout 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged with the Mitsubishi Aircraft Co., a company established in 1920 to manufacture aircraft engines along with other parts. The unified company was called Mitsubishi Heavy Industries (MHI), and was the greatest private company in Japan. MHI concentrated on creation aircraft, ships, railroad cars and devices, but in 1937 developed the PX33, a prototype sedan intended for military use. It was the very first Japanese-built passenger car having full-time four-wheel drive, a technology the company would come back to almost fifty years later in its pursuit of motorsport and sales achievements.
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Immediately following the end of the next World War, the company returned in order to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled products vehicle called the Mizushima and a scooter called the Metallic Pigeon were also produced. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered being dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was split into three regional companies, each with an involvement in automobile development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries commenced importing the Henry J, an inexpensive American car built by Kaiser Magnetic motors, in knockdown kit (CKD) style in 1951, and continued to bring these to Japan for the remainder of the car's three-year production function. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (at this point 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 themselves had replaced the model.
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By the beginning of the 1960s Japan's economic system was gearing up; wages were rising and the thought of family motoring was removing. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established a good automotive department in the headquarters in 1953. Now it was ready to introduce the Mitsubishi 500, a mass market four door, to meet the new demand from consumers. It followed this in 1962 with the Minica kei car as well as the Colt 1000, the first of its Colt brand of family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair like a luxury car primarily for that Japanese market, and was used by senior Mitsubishi executives like a company car.West Japan Heavy-Industries (at this point renamed Mitsubishi Shipbuilding & Design) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) received also expanded their automotive departments in the 1950s, and the three were being re-integrated as Mitsubishi Major Industries in 1964. Within three years it is output was over seventy-five, 000 vehicles annually. Following the successful introduction in 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 spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) was formed on April 23, 1970 as a fully owned subsidiary of MHI within the leadership of Tomio Kubo, a successful engineer on 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 simply Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive from the emblem of the Tosa Tribe who first employed him or her, and because his very own family crest was a few rhombuses stacked atop the other. The name Mitsubishi is often a compound of mitsu ("three") in addition to hishi (literally, "water chestnut", often used in Japan to denote a precious stone or rhombus).
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