Mitsubishi Motors Corporation is a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker and also the sixteenth biggest worldwide by means of production. From October 2016 onwards, Mitsubishi is majority-owned by simply Nissan, and thus a perhaps the Renault-Nissan Alliance.Besides being part on the Renault-Nissan Alliance, it is also a component of Mitsubishi keiretsu, formerly the biggest manufacturing group in Japan, through the corporation's community 20% stake in Mitsubishi Magnetic motors, and the company has been originally formed in 1970 in the automotive division of Mitsubishi Heavy Industries.Mitsubishi Fuso Truck in addition to 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 design equipment, and is owned through Daimler AG.
Mitsubishi's automotive origins date here we are at 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Design A, Japan's first series-production auto. An entirely hand-built seven-seater sedan based on the Fiat Tipo 3, it proved expensive when compared to its American and American mass-produced rivals, and was discontinued with 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged with the Mitsubishi Aircraft Co., a company established within 1920 to manufacture aircraft engines and also other parts. The unified company was often known as Mitsubishi Heavy Industries (MHI), and was the biggest private company in Okazaki, japan. MHI concentrated on creation aircraft, ships, railroad cars and machines, but in 1937 produced the PX33, a prototype sedan regarding military use. It was the very first Japanese-built passenger car having full-time four-wheel drive, a technology the company would return to almost fifty years later in its search for motorsport and sales achievements.
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Rigtht after the end of the 2nd World War, the company returned to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled shipment vehicle called the Mizushima and a scooter called the Silver precious metal Pigeon were also produced. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered to become dismantled by the Allied forces in 1950, and Mitsubishi Heavy Industries was separated into three regional companies, each with an involvement in motor vehicle development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries began importing the Henry N, an inexpensive American sedan built by Kaiser Power generators, in knockdown kit (CKD) form in 1951, and continued to bring them to Japan for the remainder with the car's three-year production manage. The same year, Central Japan Heavy-Industries concluded the same contract with Willys (at this point owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps inside production until 1998, thirty years after Willys by themselves had replaced the design.
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By the start of the 1960s Japan's overall economy was gearing up; wages were rising and the idea of family motoring was removing. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a good automotive department in it is headquarters in 1953. Now it was ready to introduce the Mitsubishi 500, a mass market 4 door, to meet the new demand from consumers. It followed this in 1962 while using the Minica kei car and also the Colt 1000, the first of its Colt brand of family cars, in 1963. In 1964, Mitsubishi introduced its biggest passenger sedan, the Mitsubishi Debonair like a luxury car primarily with the Japanese market, and was used simply by senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Architectural) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments inside 1950s, and the three were being re-integrated as Mitsubishi Weighty Industries in 1964. Within three years the output was over 80, 000 vehicles annually. Following the successful introduction in the first Galant in 1969 and similar growth with its commercial vehicle division, it was decided that this company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April 23, 1970 as a totally owned subsidiary of MHI within the leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
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The actual logo of three reddish diamonds, shared with over forty others within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen simply by Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive of the emblem of the Tosa Kin who first employed them, and because his unique family crest was about three rhombuses stacked atop 1 another. The name Mitsubishi is a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Japan to denote a gemstone or rhombus).
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