Mitsubishi Motors Corporation is often a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker along with the sixteenth biggest worldwide simply by production. From October 2016 onwards, Mitsubishi is majority-owned through Nissan, and thus a section of the Renault-Nissan Alliance.Besides being part with the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's minority 20% stake in Mitsubishi Magnetic motors, and the company ended up being originally formed in 1970 on the automotive division of Mitsubishi Major Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly an element of Mitsubishi Motors, but is now separate from Mitsubishi Motors, which builds commercial rank trucks, buses and heavy design equipment, and is owned by simply Daimler AG.
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Mitsubishi's automotive origins date time for 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Model A, Japan's first series-production auto. An entirely hand-built seven-seater sedan good Fiat Tipo 3, it proved expensive when compared with its American and Eu mass-produced rivals, and was discontinued inside 1921 after only 22 were being built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines and other parts. The unified company was referred to as Mitsubishi Heavy Industries (MHI), and was the most significant private company in Okazaki, japan. MHI concentrated on manufacturing aircraft, ships, railroad cars and devices, but in 1937 produced the PX33, a prototype sedan regarding military use. It was the initial Japanese-built passenger car with full-time four-wheel drive, a technology the company would return to almost fifty years later in its pursuit of motorsport and sales achievement.
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Immediately following the end of the other World War, the company returned to be able to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled cargo vehicle called the Mizushima and a scooter called the Metallic Pigeon were also produced. However, the zaibatsu (Japan's family-controlled commercial 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 automobile development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries commenced importing the Henry N, an inexpensive American car built by Kaiser Generators, in knockdown kit (CKD) variety in 1951, and continued to bring the crooks to Japan for the remainder in the car's three-year production function. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (now owned by Kaiser) with regard 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 product.
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By the beginning of the 1960s Japan's economic system 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 the headquarters in 1953. Now it was wanting to introduce the Mitsubishi 500, a mass market sedan, to meet the brand new demand from consumers. It followed this in 1962 with all the Minica kei car and also the Colt 1000, the first of its Colt distinctive line of family cars, in 1963. In 1964, Mitsubishi introduced its biggest passenger sedan, the Mitsubishi Debonair as a luxury car primarily for the Japanese market, and was used by means of senior Mitsubishi executives like a company car.West Japan Heavy-Industries (right now renamed Mitsubishi Shipbuilding & Engineering) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments within the 1950s, and the three were being re-integrated as Mitsubishi Major Industries in 1964. Within three years it is output was over 75, 000 vehicles annually. Following the successful introduction of the first Galant in 1969 and similar growth using its commercial vehicle division, it was decided that the company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) was formed on April 22, 1970 as a totally owned subsidiary of MHI underneath the leadership of Tomio Kubo, a successful engineer from the aircraft division. [citation needed].
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The particular logo of three crimson diamonds, shared with over forty other programs within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen by simply Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive on the emblem of the Tosa Kin who first employed your pet, and because his very own family crest was about three rhombuses stacked atop one another. The name Mitsubishi is really a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Western to denote a diamond or rhombus).
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