Mitsubishi Motors Corporation is a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the particular sixth biggest Japanese automaker and also the sixteenth biggest worldwide by production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a part of the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also an element of Mitsubishi keiretsu, formerly the biggest manufacturing group in Japan, through the corporation's community 20% stake in Mitsubishi Generators, and the company seemed to be originally formed in 1970 in the automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly an integral part of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial level trucks, buses and heavy construction equipment, and is owned by Daimler AG.
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Mitsubishi's automotive origins date to 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Style A, Japan's first series-production car. An entirely hand-built seven-seater sedan in line with the Fiat Tipo 3, it proved expensive compared to its American and Western mass-produced rivals, and was discontinued with 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged with all the Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines as well as other parts. The unified company was called Mitsubishi Heavy Industries (MHI), and was the largest private company in The japanese. MHI concentrated on manufacturing aircraft, ships, railroad cars and equipment, but in 1937 designed the PX33, a prototype sedan regarding military use. It was the 1st Japanese-built passenger car with full-time four-wheel drive, a technology the company would go back to almost fifty years later in its quest for motorsport and sales achievement.
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Immediately following the end of your second World War, the company returned in order to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled freight vehicle called the Mizushima and also a scooter called the Silver precious metal Pigeon were also developed. However, the zaibatsu (Japan's family-controlled manufacturing conglomerates) were ordered to get dismantled by the Allied forces 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 begun importing the Henry J, an inexpensive American 4 door built by Kaiser Power generators, in knockdown kit (CKD) style in 1951, and continued to bring those to Japan for the remainder with the car's three-year production work. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (currently owned by Kaiser) for CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps inside production until 1998, thirty years after Willys independently had replaced the product.
By the beginning of the 1960s Japan's economic climate was gearing up; wages were rising and the thinking behind family motoring was removing. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established an automotive department in their headquarters in 1953. Now it was willing to introduce the Mitsubishi 500, a mass market sedan, to meet the completely new demand from consumers. It followed this in 1962 with the Minica kei car plus the Colt 1000, the first of its Colt type of family cars, in 1963. In 1964, Mitsubishi introduced its biggest passenger sedan, the Mitsubishi Debonair like a luxury car primarily for your Japanese market, and was used by means of senior Mitsubishi executives as a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Executive) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) acquired also expanded their automotive departments inside 1950s, and the three had been re-integrated as Mitsubishi Major Industries in 1964. Within three years its output was over 70, 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 spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) had been formed on April 22, 1970 as a fully owned subsidiary of MHI underneath the leadership of Tomio Kubo, a successful engineer in the aircraft division. [citation needed].
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The logo of three red diamonds, shared with over forty others 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 with the emblem of the Tosa Kin who first employed him or her, and because his own family crest was 3 rhombuses stacked atop each other. The name Mitsubishi is often a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japanese to denote a gemstone or rhombus).
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