Mitsubishi Motors Corporation is usually a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker and the sixteenth biggest worldwide through production. From October 2016 onwards, Mitsubishi is majority-owned simply by Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part on the Renault-Nissan Alliance, it is also an element of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's minority 20% stake in Mitsubishi Engines, and the company ended up being originally formed in 1970 from your automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly part of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial level trucks, buses and heavy development equipment, and is owned simply by Daimler AG.
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Mitsubishi's automotive origins date here we are at 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Model A, Japan's first series-production auto. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive in comparison with its American and Western european mass-produced rivals, and was discontinued in 1921 after only 22 had been built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established within 1920 to manufacture aircraft engines along with other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the greatest private company in Okazaki, japan. MHI concentrated on manufacturing aircraft, ships, railroad cars and machines, but in 1937 created the PX33, a prototype sedan pertaining to military use. It was the primary Japanese-built passenger car along with full-time four-wheel drive, a technology the company would return to almost fifty years later in its quest for motorsport and sales achievement.
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Immediately following the end of the next World War, the company returned for you to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled cargo vehicle called the Mizushima and a scooter called the Silver precious metal Pigeon were also created. However, the zaibatsu (Japan's family-controlled manufacturing conglomerates) were ordered to be dismantled by the Allied power 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 L, an inexpensive American four door built by Kaiser Power generators, in knockdown kit (CKD) form in 1951, and continued to bring these 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 (right now owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps in production until 1998, thirty years after Willys themselves 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 concept of family motoring was taking off. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a good automotive department in their headquarters in 1953. Now it was ready to introduce the Mitsubishi 500, a mass market sedan, to meet the new demand from consumers. It followed this in 1962 with the Minica kei car and also the Colt 1000, the first of its Colt distinctive line 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 simply senior Mitsubishi executives like a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Anatomist) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments from the 1950s, and the three were re-integrated as Mitsubishi Heavy Industries in 1964. Within three years its output was over 75, 000 vehicles annually. Following the successful introduction on the first Galant in 1969 and similar growth which consists of commercial vehicle division, it was decided the company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) seemed to be formed on April 22, 1970 as a wholly owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].
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The logo of three crimson diamonds, shared with over forty others within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen through Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive in the emblem of the Tosa Family who first employed him or her, and because his own family crest was several rhombuses stacked atop the other person. The name Mitsubishi can be a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Western to denote a diamond or rhombus).
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