Mitsubishi Motors Corporation can be a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was your sixth biggest Japanese automaker plus the sixteenth biggest worldwide by production. From October 2016 onwards, Mitsubishi is majority-owned by simply Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part of the Renault-Nissan Alliance, it is also part of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's community 20% stake in Mitsubishi Power generators, and the company has been originally formed in 1970 from the automotive division of Mitsubishi Heavy Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly a component of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial level trucks, buses and heavy building equipment, and is owned by simply Daimler AG.
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Mitsubishi's automotive origins date back to 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Model A, Japan's first series-production car or truck. An entirely hand-built seven-seater sedan in line with the Fiat Tipo 3, it proved expensive in comparison to its American and Western european 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 with 1920 to manufacture aircraft engines along with other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the biggest private company in Japan. MHI concentrated on manufacturing aircraft, ships, railroad cars and machines, but in 1937 developed the PX33, a prototype sedan with regard to military use. It was the 1st Japanese-built passenger car together with full-time four-wheel drive, a technology the company would come back to almost fifty years later in its pursuit of motorsport and sales success.
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Rigtht after the end of the next 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 and also a scooter called the Silver Pigeon were also produced. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered to get dismantled by the Allied powers in 1950, and Mitsubishi Heavy Industries was put 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 started importing the Henry N, an inexpensive American sedan built by Kaiser Power generators, in knockdown kit (CKD) style in 1951, and continued to bring these phones Japan for the remainder with the car's three-year production operate. The same year, Central Japan Heavy-Industries concluded the same contract with Willys (now owned by Kaiser) for CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps within production until 1998, thirty years after Willys on their own 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 idea of family motoring was removing. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established a automotive department in it's headquarters in 1953. Now it was prepared to introduce the Mitsubishi 500, a mass market car, to meet the completely new demand from consumers. It followed this in 1962 while using Minica kei car as well as the Colt 1000, the first of its Colt brand of family cars, in 1963. In 1964, Mitsubishi introduced its most significant passenger sedan, the Mitsubishi Debonair as being a luxury car primarily for your Japanese market, and was used by senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (today renamed Mitsubishi Shipbuilding & Architectural) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) acquired also expanded their automotive departments inside 1950s, and the three were re-integrated as Mitsubishi Major Industries in 1964. Within three years the output was over 70, 000 vehicles annually. Following the successful introduction in the first Galant in 1969 and similar growth featuring a 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 completely owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer in 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 hundred years. It was chosen by simply Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive in the emblem of the Tosa Family who first employed him, and because his very own family crest was about three rhombuses stacked atop 1 another. The name Mitsubishi can be 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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