Mitsubishi Motors Corporation can be a multinational automotive manufacturer based 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 section 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 minority 20% stake in Mitsubishi Magnetic motors, and the company was originally formed in 1970 on the automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly an element of Mitsubishi Motors, but is now independent from Mitsubishi Motors, which builds commercial class trucks, buses and heavy development equipment, and is owned by Daimler AG.
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Mitsubishi's automotive origins date to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Type A, Japan's first series-production auto. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive when compared to its American and Western european mass-produced rivals, and was discontinued within 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged with the Mitsubishi Aircraft Co., a company established with 1920 to manufacture aircraft engines along with other parts. The unified company was generally known as Mitsubishi Heavy Industries (MHI), and was the biggest private company in The japanese. MHI concentrated on producing aircraft, ships, railroad cars and systems, but in 1937 created the PX33, a prototype sedan pertaining to military use. It was the primary Japanese-built passenger car with full-time four-wheel drive, a technology the company would come back to almost fifty years later in its pursuit of motorsport and sales achievements.
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Immediately following the end of the second World War, the company returned to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled shipment vehicle called the Mizushima and also a scooter called the Sterling silver Pigeon were also created. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered to become dismantled by the Allied properties in 1950, and Mitsubishi Heavy Industries was separated into three regional companies, each with an involvement in auto 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 four door built by Kaiser Magnetic motors, in knockdown kit (CKD) variety in 1951, and continued to bring those to Japan for the remainder in the car's three-year production function. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (right now owned by Kaiser) regarding CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps inside production until 1998, thirty years after Willys by themselves had replaced the style.
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By the beginning of the 1960s Japan's overall economy was gearing up; wages were rising and the idea of family motoring was taking off. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established a automotive department in it is headquarters in 1953. Now it was able to introduce the Mitsubishi 500, a mass market four door, to meet the completely 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 distinct family cars, in 1963. In 1964, Mitsubishi introduced its most significant passenger sedan, the Mitsubishi Debonair as a luxury car primarily for that Japanese market, and was used by simply senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (right now renamed Mitsubishi Shipbuilding & Engineering) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) acquired also expanded their automotive departments inside the 1950s, and the three ended up re-integrated as Mitsubishi Heavy Industries in 1964. Within three years the output was over 70, 000 vehicles annually. Following the successful introduction in the first Galant in 1969 and similar growth with its commercial vehicle division, it was decided the company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April 25, 1970 as a totally owned subsidiary of MHI underneath the leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
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The logo of three reddish colored diamonds, shared with over forty others 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 Clan who first employed your ex, and because his personal family crest was a few rhombuses stacked atop one another. The name Mitsubishi is really a compound of mitsu ("three") in addition to hishi (literally, "water chestnut", often used in Japanese to denote a precious stone or rhombus).
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