Mitsubishi Motors Corporation is really a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the particular sixth biggest Japanese automaker and 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 of the Renault-Nissan Alliance, it is also part of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's small section 20% stake in Mitsubishi Magnetic motors, and the company had been originally formed in 1970 on the automotive division of Mitsubishi Large Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly a part of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial quality trucks, buses and heavy construction equipment, and is owned through Daimler AG.
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Mitsubishi's automotive origins date to 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Design A, Japan's first series-production car or truck. An entirely hand-built seven-seater sedan good Fiat Tipo 3, it proved expensive in comparison to its American and Eu mass-produced rivals, and was discontinued with 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines along with other parts. The unified company was called Mitsubishi Heavy Industries (MHI), and was the most significant private company in Asia. MHI concentrated on manufacturing aircraft, ships, railroad cars and machines, but in 1937 designed the PX33, a prototype sedan regarding military use. It was the primary Japanese-built passenger car having full-time four-wheel drive, a technology the company would get back to almost fifty years later in its quest for motorsport and sales success.
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Immediately following the end of the second World War, the company returned in order to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled shipment vehicle called the Mizushima along with a scooter called the Silver precious metal Pigeon were also developed. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered to be dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was separated 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 commenced importing the Henry L, an inexpensive American four door built by Kaiser Power generators, in knockdown kit (CKD) variety in 1951, and continued to bring these to Japan for the remainder in the car's three-year production manage. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (now owned by Kaiser) intended for CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps within production until 1998, thirty years after Willys independently had replaced the model.
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By the start of the 1960s Japan's financial system was gearing up; wages were rising and the thinking behind family motoring was taking off. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a great automotive department in their headquarters in 1953. Now it was willing to introduce the Mitsubishi 500, a mass market 4 door, to meet the fresh demand from consumers. It followed this in 1962 while using Minica kei car as well as the Colt 1000, the first of its Colt type 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 simply by senior Mitsubishi executives as a company car.West Japan Heavy-Industries (right now renamed Mitsubishi Shipbuilding & Anatomist) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) received also expanded their automotive departments from the 1950s, and the three had been 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 using its commercial vehicle division, it was decided that this company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) seemed to be formed on April 22, 1970 as a entirely owned subsidiary of MHI underneath the leadership of Tomio Kubo, a successful engineer through the aircraft division. [citation needed].
This logo of three red diamonds, shared with over forty others within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen through Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive on the emblem of the Tosa Family who first employed him or her, and because his very own family crest was three rhombuses stacked atop the other. The name Mitsubishi is usually a compound of mitsu ("three") in addition to hishi (literally, "water chestnut", often used in Japan to denote a diamond or rhombus).
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