Mitsubishi Motors Corporation is a multinational automotive manufacturer based 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 by Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part on 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 Motors, and the company seemed to be originally formed in 1970 from the automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly a part of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial rank trucks, buses and heavy design equipment, and is owned by means of 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 vehicle. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive in comparison with its American and Eu mass-produced rivals, and was discontinued throughout 1921 after only 22 were being built.In 1934, Mitsubishi Shipbuilding was merged with the Mitsubishi Aircraft Co., a company established throughout 1920 to manufacture aircraft engines as well as other parts. The unified company was often known as Mitsubishi Heavy Industries (MHI), and was the major private company in Okazaki, japan. MHI concentrated on production aircraft, ships, railroad cars and systems, but in 1937 designed the PX33, a prototype sedan regarding military use. It was the primary Japanese-built passenger car together with full-time four-wheel drive, a technology the company would get back to almost fifty years later in its search for motorsport and sales achievement.
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Immediately following the end of the other World War, the company returned in order to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled packages vehicle called the Mizushima plus a scooter called the Metallic Pigeon were also developed. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered being dismantled by the Allied properties 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 begun importing the Henry J, an inexpensive American 4 door built by Kaiser Power generators, in knockdown kit (CKD) variety in 1951, and continued to bring these phones Japan for the remainder in the car's three-year production operate. The same year, Central Japan Heavy-Industries concluded the same contract with Willys (today owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps inside production until 1998, thirty years after Willys them selves had replaced the style.
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By the beginning of the 1960s Japan's overall economy 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 a good automotive department in it is headquarters in 1953. Now it was wanting to introduce the Mitsubishi 500, a mass market four door, 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 line of family cars, in 1963. In 1964, Mitsubishi introduced its major passenger sedan, the Mitsubishi Debonair to be a luxury car primarily for the Japanese market, and was used by simply senior Mitsubishi executives to be a company car.West Japan Heavy-Industries (at this point renamed Mitsubishi Shipbuilding & Architectural) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) acquired also expanded their automotive departments from the 1950s, and the three ended up re-integrated as Mitsubishi Weighty Industries in 1964. Within three years it's output was over 80, 000 vehicles annually. Following the successful introduction with the first Galant in 1969 and similar growth featuring a commercial vehicle division, it was decided the company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) seemed to be formed on April 25, 1970 as a totally owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer in the aircraft division. [citation needed].
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The particular logo of three red 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 in the emblem of the Tosa Tribe who first employed him or her, 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") along with hishi (literally, "water chestnut", often used in Japanese to denote a precious stone or rhombus).
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