Mitsubishi Motors Corporation is really a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the actual sixth biggest Japanese automaker and also the sixteenth biggest worldwide through production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a the main Renault-Nissan Alliance.Besides being part with the Renault-Nissan Alliance, it is also an integral part of Mitsubishi keiretsu, formerly the biggest commercial group in Japan, through the corporation's group 20% stake in Mitsubishi Engines, and the company was originally formed in 1970 in the automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly an integral part of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial grade trucks, buses and heavy development equipment, and is owned by Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Product A, Japan's first series-production car. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive in comparison to its American and American mass-produced rivals, and was discontinued throughout 1921 after only 22 had been built.In 1934, Mitsubishi Shipbuilding was merged with the Mitsubishi Aircraft Co., a company established within 1920 to manufacture aircraft engines as well as other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the largest private company in The japanese. MHI concentrated on producing aircraft, ships, railroad cars and machines, but in 1937 designed the PX33, a prototype sedan for military use. It was the first Japanese-built passenger car having full-time four-wheel drive, a technology the company would go back to almost fifty years later in its pursuit of motorsport and sales achievements.
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Rigtht after the end of your second World War, the company returned to help manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled shipment vehicle called the Mizushima and also a scooter called the Sterling silver Pigeon were also produced. However, the zaibatsu (Japan's family-controlled manufacturing 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 started out importing the Henry M, an inexpensive American sedan built by Kaiser Magnetic motors, in knockdown kit (CKD) style in 1951, and continued to bring these to Japan for the remainder in the car's three-year production manage. The same year, Central Japan Heavy-Industries concluded a comparable contract with Willys (today owned by Kaiser) intended for CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps within production until 1998, thirty years after Willys them selves had replaced the type.
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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 Leg Mitsubishi Heavy-Industries, had already re-established the automotive department in its headquarters in 1953. Now it was ready to introduce the Mitsubishi 500, a mass market sedan, to meet the brand new demand from consumers. It followed this in 1962 using the Minica kei car along with the Colt 1000, the first of its Colt brand of family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair as a luxury car primarily to the Japanese market, and was used by means of senior Mitsubishi executives as a company car.West Japan Heavy-Industries (today renamed Mitsubishi Shipbuilding & Design) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments within the 1950s, and the three had been re-integrated as Mitsubishi Large Industries in 1964. Within three years the output was over 70, 000 vehicles annually. Following the successful introduction from the first Galant in 1969 and similar growth with its commercial vehicle division, it was decided that this company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April twenty two, 1970 as a completely owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer in the aircraft division. [citation needed].
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The actual logo of three red diamonds, shared with over forty other programs within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen by means of Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive in the emblem of the Tosa Tribe who first employed your ex, and because his very own family crest was a few rhombuses stacked atop the other person. The name Mitsubishi is usually a compound of mitsu ("three") as well as hishi (literally, "water chestnut", often used in Japoneses to denote a gemstone or rhombus).
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