Mitsubishi Motors Corporation can be a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was this sixth biggest Japanese automaker and the sixteenth biggest worldwide by means of 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 with the Renault-Nissan Alliance, it is also an element of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's fraction 20% stake in Mitsubishi Engines, and the company seemed to be originally formed in 1970 through the automotive division of Mitsubishi Hefty 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 level trucks, buses and heavy structure equipment, and is owned by Daimler AG.
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Mitsubishi's automotive origins date back 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 when compared with its American and Eu mass-produced rivals, and was discontinued within 1921 after only 22 had been built.In 1934, Mitsubishi Shipbuilding was merged using the 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 greatest private company in The japanese. MHI concentrated on making aircraft, ships, railroad cars and systems, but in 1937 developed the PX33, a prototype sedan intended for military use. It was the 1st Japanese-built passenger car using full-time four-wheel drive, a technology the company would come back to almost fifty years later in its search for motorsport and sales achievement.
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Immediately following the end of the other World War, the company returned for you to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled shipment vehicle called the Mizushima plus a scooter called the Silver Pigeon were also created. However, the zaibatsu (Japan's family-controlled commercial conglomerates) were ordered to be dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was put into three regional companies, each with an involvement in car 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 4 door built by Kaiser Engines, in knockdown kit (CKD) kind in 1951, and continued to bring those to Japan for the remainder on the car's three-year production run. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (right now owned by Kaiser) intended for CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps within production until 1998, thirty years after Willys themselves had replaced the model.
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By the start of the 1960s Japan's financial system was gearing up; wages were rising and the thought of family motoring was removing. Central Japan Heavy-Industries, now known as Tibia Mitsubishi Heavy-Industries, had already re-established an automotive department in the headquarters in 1953. Now it was prepared to introduce the Mitsubishi 500, a mass market 4 door, to meet the brand-new demand from consumers. It followed this in 1962 with 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 most significant passenger sedan, the Mitsubishi Debonair being a luxury car primarily for that Japanese market, and was used simply by senior Mitsubishi executives as a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Architectural) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) received also expanded their automotive departments in the 1950s, and the three have been re-integrated as Mitsubishi Hefty Industries in 1964. Within three years it is output was over 75, 000 vehicles annually. Following the successful introduction from the first Galant in 1969 and similar growth using its commercial vehicle division, it was decided which the company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April 23, 1970 as a entirely owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer from the aircraft division. [citation needed].
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The logo of three red diamonds, shared with over forty other individuals 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 from the emblem of the Tosa Kin who first employed them, and because his individual family crest was about three rhombuses stacked atop one another. The name Mitsubishi can be a compound of mitsu ("three") and also hishi (literally, "water chestnut", often used in Japoneses to denote a diamond or rhombus).
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