Mitsubishi Motors Corporation is often a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker and the sixteenth biggest worldwide by simply production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a the main Renault-Nissan Alliance.Besides being part in the Renault-Nissan Alliance, it is also an integral part of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's group 20% stake in Mitsubishi Magnetic motors, and the company ended up being originally formed in 1970 on the automotive division of Mitsubishi Major Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly a component of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial rank trucks, buses and heavy construction equipment, and is owned through 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 Style A, Japan's first series-production car. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive in comparison to its American and Eu mass-produced rivals, and was discontinued in 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged while using the Mitsubishi Aircraft Co., a company established within 1920 to manufacture aircraft engines along with parts. The unified company was referred to as Mitsubishi Heavy Industries (MHI), and was the biggest private company in Asia. MHI concentrated on production aircraft, ships, railroad cars and machines, but in 1937 created the PX33, a prototype sedan pertaining to military use. It was the first Japanese-built passenger car using 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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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 cargo vehicle called the Mizushima plus a scooter called the Sterling silver Pigeon were also designed. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered to become dismantled by the Allied properties in 1950, and Mitsubishi Heavy Industries was split up 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 started out importing the Henry N, an inexpensive American car built by Kaiser Power generators, in knockdown kit (CKD) variety in 1951, and continued to bring the crooks to Japan for the remainder of 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 in production until 1998, thirty years after Willys them selves had replaced the design.
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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 a automotive department in it's headquarters in 1953. Now it was wanting to introduce the Mitsubishi 500, a mass market four door, to meet the completely new demand from consumers. It followed this in 1962 with all the Minica kei car plus the Colt 1000, the first of its Colt line of family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair being 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 (right now renamed Mitsubishi Shipbuilding & Design) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got 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 using its commercial vehicle division, it was decided that this company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) had been formed on April twenty-two, 1970 as a wholly owned subsidiary of MHI beneath the leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].
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The logo of three red-colored diamonds, shared with over forty other programs within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen simply by Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive with the emblem of the Tosa Group who first employed your ex, and because his personal family crest was 3 rhombuses stacked atop the other person. The name Mitsubishi is usually a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japan to denote a stone or rhombus).
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