Mitsubishi Motors Corporation is 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 simply by production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a part of the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also part of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's fraction 20% stake in Mitsubishi Power generators, and the company has been originally formed in 1970 through the automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck along with Bus Corporation was formerly an integral part of Mitsubishi Motors, but is now different from Mitsubishi Motors, which builds commercial level trucks, buses and heavy structure equipment, and is owned by means of Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Product A, Japan's first series-production automobile. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive in comparison with its American and Western mass-produced rivals, and was discontinued inside 1921 after only 22 had been built.In 1934, Mitsubishi Shipbuilding was merged while using the Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines along with other parts. The unified company was referred to as Mitsubishi Heavy Industries (MHI), and was the biggest private company in Japan. MHI concentrated on producing aircraft, ships, railroad cars and machines, but in 1937 formulated the PX33, a prototype sedan intended for military use. It was the 1st Japanese-built passenger car together with full-time four-wheel drive, a technology the company would return to almost fifty years later in its pursuit of motorsport and sales accomplishment.
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Rigtht after the end of the next World War, the company returned to help manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled products vehicle called the Mizushima plus a scooter called the Silver Pigeon were also formulated. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered being dismantled by the Allied forces 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 begun importing the Henry T, an inexpensive American car built by Kaiser Magnetic motors, in knockdown kit (CKD) variety in 1951, and continued to bring the crooks to Japan for the remainder from the car's three-year production run. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (today owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps in production until 1998, thirty years after Willys themselves had replaced the design.
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By the beginning of the 1960s Japan's overall economy was gearing up; wages were rising and the thought of family motoring was taking off. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established the automotive department in the headquarters in 1953. Now it was able to introduce the Mitsubishi 500, a mass market 4 door, to meet the brand-new demand from consumers. It followed this in 1962 with all the Minica kei car along with 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 being a luxury car primarily for your Japanese market, and was used through senior Mitsubishi executives like a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Engineering) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments inside 1950s, and the three ended up re-integrated as Mitsubishi Hefty Industries in 1964. Within three years their output was over 80, 000 vehicles annually. Following the successful introduction from 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 focus on the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April twenty-two, 1970 as a fully owned subsidiary of MHI within the leadership of Tomio Kubo, a successful engineer through the aircraft division. [citation needed].
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Your logo of three crimson 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 with the emblem of the Tosa Clan who first employed your pet, and because his individual family crest was 3 rhombuses stacked atop each other. The name Mitsubishi is really a compound of mitsu ("three") in addition to hishi (literally, "water chestnut", often used in Japanese to denote a diamond or rhombus).
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