Mitsubishi Motors Corporation is really a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was this sixth biggest Japanese automaker and also the sixteenth biggest worldwide by means of production. From October 2016 onwards, Mitsubishi is majority-owned by simply Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part on the Renault-Nissan Alliance, it is also a component of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's fraction 20% stake in Mitsubishi Magnetic motors, and the company has been originally formed in 1970 in the automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly part of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial level trucks, buses and heavy building equipment, and is owned by Daimler AG.
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Mitsubishi's automotive origins date time for 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Model A, Japan's first series-production vehicle. An entirely hand-built seven-seater sedan good Fiat Tipo 3, it proved expensive in comparison to its American and American mass-produced rivals, and was discontinued in 1921 after only 22 ended up built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established in 1920 to manufacture aircraft engines and other parts. The unified company was referred to as Mitsubishi Heavy Industries (MHI), and was the biggest private company in Japan. MHI concentrated on production aircraft, ships, railroad cars and devices, but in 1937 created the PX33, a prototype sedan regarding military use. It was the 1st Japanese-built passenger car having full-time four-wheel drive, a technology the company would go back to almost fifty years later in its hunt for motorsport and sales achievement.
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Rigtht after the end of the 2nd World War, the company returned for you to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled freight vehicle called the Mizushima and also a scooter called the Gold Pigeon were also developed. However, the zaibatsu (Japan's family-controlled commercial conglomerates) were ordered to become dismantled by the Allied powers in 1950, and Mitsubishi Heavy Industries was split 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 commenced importing the Henry N, an inexpensive American sedan built by Kaiser Engines, in knockdown kit (CKD) type in 1951, and continued to bring these phones Japan for the remainder on the car's three-year production function. The same year, Central Japan Heavy-Industries concluded much the same contract with Willys (currently owned by Kaiser) intended for CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps in production until 1998, thirty years after Willys them selves had replaced the model.
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 Tibia Mitsubishi Heavy-Industries, had already re-established the automotive department in its headquarters in 1953. Now it was prepared to introduce the Mitsubishi 500, a mass market car, to meet the brand new demand from consumers. It followed this in 1962 with all 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 as a luxury car primarily with the Japanese market, and was used by means of senior Mitsubishi executives to be a company car.West Japan Heavy-Industries (today renamed Mitsubishi Shipbuilding & Design) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments inside the 1950s, and the three were being re-integrated as Mitsubishi Large Industries in 1964. Within three years it is output was over seventy-five, 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 that the company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) was formed on April twenty two, 1970 as a completely owned subsidiary of MHI within the leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].
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This logo of three reddish colored diamonds, shared with over forty other companies within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen by Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive in the emblem of the Tosa Tribe who first employed your pet, and because his own family crest was 3 rhombuses stacked atop one another. The name Mitsubishi can be a compound of mitsu ("three") in addition to hishi (literally, "water chestnut", often used in Japoneses to denote a gemstone or rhombus).
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