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Mitsubishi Motors Corporation is a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the particular sixth biggest Japanese automaker plus the sixteenth biggest worldwide by production. From October 2016 onwards, Mitsubishi is majority-owned by simply Nissan, and thus a part of the Renault-Nissan Alliance.Besides being part on the Renault-Nissan Alliance, it is also an element of Mitsubishi keiretsu, formerly the biggest industrial group in Japan, through the corporation's small section 20% stake in Mitsubishi Power generators, and the company had been originally formed in 1970 from your automotive division of Mitsubishi Heavy Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly a part of Mitsubishi Motors, but is now different from Mitsubishi Motors, which builds commercial rank trucks, buses and heavy design equipment, and is owned simply by Daimler AG.

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Mitsubishi's automotive origins date here we are at 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Model A, Japan's first series-production car or truck. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive in comparison to its American and European mass-produced rivals, and was discontinued within 1921 after only 22 ended up built.In 1934, Mitsubishi Shipbuilding was merged while using the Mitsubishi Aircraft Co., a company established throughout 1920 to manufacture aircraft engines along with parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the largest private company in Japan. MHI concentrated on manufacturing aircraft, ships, railroad cars and systems, but in 1937 developed the PX33, a prototype sedan with regard to military use. It was the primary Japanese-built passenger car together with full-time four-wheel drive, a technology the company would come back to almost fifty years later in its search for motorsport and sales accomplishment.

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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 started again, while a small three-wheeled freight vehicle called the Mizushima and a scooter called the Sterling silver Pigeon were also produced. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered being dismantled by the Allied powers in 1950, and Mitsubishi Heavy Industries was put 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 started out importing the Henry T, an inexpensive American sedan 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 function. The same year, Central Japan Heavy-Industries concluded a comparable contract with Willys (right now owned by Kaiser) with regard to CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps throughout production until 1998, thirty years after Willys themselves had replaced the model.

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By the beginning of the 1960s Japan's economic system was gearing up; wages were rising and the thought of family motoring was removing. 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 willing to introduce the Mitsubishi 500, a mass market sedan, to meet the new demand from consumers. It followed this in 1962 while using the 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 being a luxury car primarily for your Japanese market, and was used by senior Mitsubishi executives to be a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Architectural) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments from the 1950s, and the three were being re-integrated as Mitsubishi Heavy Industries in 1964. Within three years their output was over 70, 000 vehicles annually. Following the successful introduction with the first Galant in 1969 and similar growth featuring a commercial vehicle division, it was decided which the company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) had been formed on April 23, 1970 as a completely owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer from the aircraft division. [citation needed].

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The particular logo of three red diamonds, shared with over forty other individuals within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen simply by Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive on the emblem of the Tosa Kin who first employed him or her, and because his unique family crest was a few rhombuses stacked atop one another. The name Mitsubishi is a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japan to denote a diamond or rhombus).

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