Mitsubishi Motors Corporation can be a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker as well as the sixteenth biggest worldwide by simply production. From October 2016 onwards, Mitsubishi is majority-owned through Nissan, and thus a perhaps the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest commercial group in Japan, through the corporation's small section 20% stake in Mitsubishi Engines, and the company had been originally formed in 1970 from your automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck along with Bus Corporation was formerly a part of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial quality trucks, buses and heavy construction equipment, and is owned simply by Daimler AG.
Mitsubishi's automotive origins date to 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Model A, Japan's first series-production vehicle. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive when compared with its American and Western european mass-produced rivals, and was discontinued in 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged with all the Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines and also other parts. The unified company was generally known as Mitsubishi Heavy Industries (MHI), and was the most significant private company in Japan. MHI concentrated on production aircraft, ships, railroad cars and machinery, but in 1937 designed the PX33, a prototype sedan for military use. It was the primary Japanese-built passenger car along with full-time four-wheel drive, a technology the company would resume almost fifty years later in its search for motorsport and sales achievements.
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Immediately following the end of the other World War, the company returned to help manufacturing vehicles. Fuso bus production started again, while a small three-wheeled cargo vehicle called the Mizushima along with a scooter called the Silver Pigeon were also developed. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered for being dismantled by the Allied capabilities in 1950, and Mitsubishi Heavy Industries was split into three regional companies, each with an involvement in motor vehicle development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries started importing the Henry T, an inexpensive American sedan built by Kaiser Power generators, in knockdown kit (CKD) type in 1951, and continued to bring the crooks to Japan for the remainder with the car's three-year production work. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (currently owned by Kaiser) for CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps with production until 1998, thirty years after Willys independently had replaced the design.
By the start of the 1960s Japan's economy 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 the automotive department in it's headquarters in 1953. Now it was wanting to introduce the Mitsubishi 500, a mass market 4 door, to meet the new demand from consumers. It followed this in 1962 using the Minica kei car plus the Colt 1000, the first of its Colt type of family cars, in 1963. In 1964, Mitsubishi introduced its greatest passenger sedan, the Mitsubishi Debonair like a luxury car primarily with the Japanese market, and was used by simply senior Mitsubishi executives to be a company car.West Japan Heavy-Industries (today renamed Mitsubishi Shipbuilding & Executive) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments inside 1950s, and the three have been re-integrated as Mitsubishi Large Industries in 1964. Within three years it is 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 that this company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) was formed on April 25, 1970 as a completely owned subsidiary of MHI within the leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
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Your logo of three crimson diamonds, shared with over forty other companies 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 from the emblem of the Tosa Kin who first employed him or her, and because his individual family crest was several rhombuses stacked atop each other. The name Mitsubishi is really a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japanese to denote a gemstone or rhombus).
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