Mitsubishi Motors Corporation can be a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker as well as the sixteenth biggest worldwide simply by production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a section of the Renault-Nissan Alliance.Besides being part in the Renault-Nissan Alliance, it is also an integral part of Mitsubishi keiretsu, formerly the biggest industrial group in Japan, through the corporation's community 20% stake in Mitsubishi Motors, and the company was originally formed in 1970 from your automotive division of Mitsubishi Large Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly a component of Mitsubishi Motors, but is now different from Mitsubishi Motors, which builds commercial class trucks, buses and heavy development equipment, and is owned simply 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 auto. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive in comparison to its American and Eu mass-produced rivals, and was discontinued in 1921 after only 22 were being built.In 1934, Mitsubishi Shipbuilding was merged using the Mitsubishi Aircraft Co., a company established with 1920 to manufacture aircraft engines along with other parts. The unified company was often known as Mitsubishi Heavy Industries (MHI), and was the major private company in Japan. MHI concentrated on making aircraft, ships, railroad cars and machines, but in 1937 designed the PX33, a prototype sedan with regard to military use. It was the initial Japanese-built passenger car together with full-time four-wheel drive, a technology the company would resume almost fifty years later in its quest for motorsport and sales achievements.
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Immediately following the end of your second World War, the company returned to be able to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled freight vehicle called the Mizushima plus a scooter called the Gold Pigeon were also produced. However, the zaibatsu (Japan's family-controlled commercial conglomerates) were ordered to be dismantled by the Allied forces in 1950, and Mitsubishi Heavy Industries was put 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 started out importing the Henry J, an inexpensive American four door built by Kaiser Motors, in knockdown kit (CKD) kind in 1951, and continued to bring those to Japan for the remainder of the car's three-year production run. The same year, Central Japan Heavy-Industries concluded much the same contract with Willys (currently 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 independently had replaced the style.
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By the start of the 1960s Japan's economy was gearing up; wages were rising and thinking about family motoring was taking off. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established an automotive department in it's headquarters in 1953. Now it was willing to introduce the Mitsubishi 500, a mass market car, to meet the brand new demand from consumers. It followed this in 1962 using the Minica kei car as well as the Colt 1000, the first of its Colt distinctive line of family cars, in 1963. In 1964, Mitsubishi introduced its most significant passenger sedan, the Mitsubishi Debonair as being a luxury car primarily with the Japanese market, and was used by senior Mitsubishi executives like a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Design) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments in the 1950s, and the three ended up re-integrated as Mitsubishi Large Industries in 1964. Within three years it is output was over 70, 000 vehicles annually. Following the successful introduction of the first Galant in 1969 and similar growth which consists of commercial vehicle division, it was decided the company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) was formed on April 23, 1970 as a wholly owned subsidiary of MHI beneath the leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].
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Your logo of three reddish diamonds, shared with over forty other companies within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen by means of Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive from the emblem of the Tosa Group who first employed him or her, and because his very own family crest was a few rhombuses stacked atop 1 another. The name Mitsubishi is often a compound of mitsu ("three") as well as hishi (literally, "water chestnut", often used in Western to denote a gemstone or rhombus).
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