Mitsubishi Motors Corporation is a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was your sixth biggest Japanese automaker as well as the sixteenth biggest worldwide by means of production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also part of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's community 20% stake in Mitsubishi Generators, and the company had been originally formed in 1970 on the automotive division of Mitsubishi Large Industries.Mitsubishi Fuso Truck in addition to Bus Corporation was formerly a component of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial quality trucks, buses and heavy design equipment, and is owned by simply Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Design A, Japan's first series-production vehicle. An entirely hand-built seven-seater sedan in line with the Fiat Tipo 3, it proved expensive compared to its American and American mass-produced rivals, and was discontinued inside 1921 after only 22 have 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 greatest private company in The japanese. MHI concentrated on producing aircraft, ships, railroad cars and equipment, but in 1937 produced the PX33, a prototype sedan intended for military use. It was the first Japanese-built passenger car using full-time four-wheel drive, a technology the company would return to almost fifty years later in its quest for motorsport and sales achievements.
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Rigtht after the end of the next World War, the company returned in order to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled shipment vehicle called the Mizushima and a scooter called the Silver precious metal Pigeon were also produced. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered being dismantled by the Allied powers in 1950, and Mitsubishi Heavy Industries was separated into three regional companies, each with an involvement in automobile development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries commenced importing the Henry L, an inexpensive American sedan built by Kaiser Generators, in knockdown kit (CKD) type in 1951, and continued to bring the crooks to Japan for the remainder from the car's three-year production function. The same year, Central Japan Heavy-Industries concluded a comparable contract with Willys (at this point owned by Kaiser) 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 product.
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By the start of the 1960s Japan's economic system was gearing up; wages were rising and the idea of family motoring was taking off. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established an automotive department in it is headquarters in 1953. Now it was willing to introduce the Mitsubishi 500, a mass market four door, to meet the brand-new demand from consumers. It followed this in 1962 with the Minica kei car and the Colt 1000, the first of its Colt distinctive line of family cars, in 1963. In 1964, Mitsubishi introduced its biggest passenger sedan, the Mitsubishi Debonair like a luxury car primarily for the Japanese market, and was used by means of senior Mitsubishi executives like a company car.West Japan Heavy-Industries (right now renamed Mitsubishi Shipbuilding & Architectural) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments from the 1950s, and the three were re-integrated as Mitsubishi Weighty Industries in 1964. Within three years their 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 the company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) was formed on April 22, 1970 as a entirely owned subsidiary of MHI under the leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].
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This logo of three red-colored diamonds, shared with over forty other companies 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 him, and because his very own family crest was about three rhombuses stacked atop 1 another. The name Mitsubishi is really a compound of mitsu ("three") in addition to hishi (literally, "water chestnut", often used in Japanese to denote a precious stone or rhombus).
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