Mitsubishi Motors Corporation is often a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the particular sixth biggest Japanese automaker plus the sixteenth biggest worldwide by means of production. From October 2016 onwards, Mitsubishi is majority-owned by simply Nissan, and thus a part of the Renault-Nissan Alliance.Besides being part of the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest manufacturing group in Japan, through the corporation's fraction 20% stake in Mitsubishi Magnetic motors, and the company had been originally formed in 1970 through the automotive division of Mitsubishi Large Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly part of Mitsubishi Motors, but is now independent from Mitsubishi Motors, which builds commercial rank trucks, buses and heavy design equipment, and is owned by means of Daimler AG.
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Mitsubishi's automotive origins date here we are at 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Style 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 in comparison with its American and Eu mass-produced rivals, and was discontinued within 1921 after only 22 ended up built.In 1934, Mitsubishi Shipbuilding was merged with all the Mitsubishi Aircraft Co., a company established within 1920 to manufacture aircraft engines along with other parts. The unified company was often known as Mitsubishi Heavy Industries (MHI), and was the largest private company in Okazaki, japan. MHI concentrated on production aircraft, ships, railroad cars and equipment, but in 1937 developed the PX33, a prototype sedan intended for military use. It was the initial Japanese-built passenger car along with full-time four-wheel drive, a technology the company would go back to almost fifty years later in its search for motorsport and sales achievement.
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Immediately following the end of the 2nd World War, the company returned to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled products vehicle called the Mizushima and also a scooter called the Silver Pigeon were also produced. However, the zaibatsu (Japan's family-controlled manufacturing conglomerates) were ordered for being dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was put 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 started out importing the Henry N, 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 of the car's three-year production work. The same year, Central Japan Heavy-Industries concluded much the same contract with Willys (at this point owned by Kaiser) intended for CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps in production until 1998, thirty years after Willys them selves had replaced the product.
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By the start of the 1960s Japan's overall economy was gearing up; wages were rising and thinking about family motoring was removing. Central Japan Heavy-Industries, now known as Tibia Mitsubishi Heavy-Industries, had already re-established a great automotive department in their headquarters in 1953. Now it was ready to introduce the Mitsubishi 500, a mass market car, to meet the completely new demand from consumers. It followed this in 1962 with all the Minica kei car plus the Colt 1000, the first of its Colt line of family cars, in 1963. In 1964, Mitsubishi introduced its greatest passenger sedan, the Mitsubishi Debonair as a luxury car primarily for the Japanese market, and was used by means of senior Mitsubishi executives being a company car.West Japan Heavy-Industries (today renamed Mitsubishi Shipbuilding & Engineering) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments in the 1950s, and the three had been re-integrated as Mitsubishi Weighty Industries in 1964. Within three years their output was over seventy five, 000 vehicles annually. Following the successful introduction with the first Galant in 1969 and similar growth with its commercial vehicle division, it was decided that the company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) had been formed on April twenty-two, 1970 as a wholly owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer through the aircraft division. [citation needed].
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Your logo of three red diamonds, shared with over forty other companies within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen through Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive of the emblem of the Tosa Family who first employed them, and because his very own family crest was about three rhombuses stacked atop the other person. The name Mitsubishi is a compound of mitsu ("three") as well as hishi (literally, "water chestnut", often used in Japanese people to denote a gemstone or rhombus).
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