Mitsubishi Motors Corporation is really a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the particular sixth biggest Japanese automaker as well as the sixteenth biggest worldwide by production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also a component of Mitsubishi keiretsu, formerly the biggest commercial group in Japan, through the corporation's fraction 20% stake in Mitsubishi Motors, and the company was originally formed in 1970 in the automotive division of Mitsubishi Heavy Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly an element of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial level trucks, buses and heavy building equipment, and is owned by Daimler AG.
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Mitsubishi's automotive origins date time for 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Design A, Japan's first series-production car or truck. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive compared to its American and Western mass-produced rivals, and was discontinued inside 1921 after only 22 had been built.In 1934, Mitsubishi Shipbuilding was merged while using the Mitsubishi Aircraft Co., a company established within 1920 to manufacture aircraft engines and also other parts. The unified company was generally known as Mitsubishi Heavy Industries (MHI), and was the greatest private company in Japan. MHI concentrated on creation aircraft, ships, railroad cars and equipment, but in 1937 formulated the PX33, a prototype sedan with regard to military use. It was the very first Japanese-built passenger car together with 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 2nd World War, the company returned in order to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled cargo vehicle called the Mizushima plus a scooter called the Gold Pigeon were also designed. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered to become dismantled by the Allied power 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 J, an inexpensive American car built by Kaiser Power generators, in knockdown kit (CKD) variety in 1951, and continued to bring these to Japan for the remainder of the car's three-year production operate. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (currently owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps with production until 1998, thirty years after Willys them selves had replaced the type.
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By the beginning of the 1960s Japan's economic climate was gearing up; wages were rising and thinking about family motoring was removing. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a great automotive department in it is headquarters in 1953. Now it was prepared 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 as well as the Colt 1000, the first of its Colt type of family cars, in 1963. In 1964, Mitsubishi introduced its biggest passenger sedan, the Mitsubishi Debonair to be a luxury car primarily for that Japanese market, and was used simply by senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (right now renamed Mitsubishi Shipbuilding & Anatomist) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) received also expanded their automotive departments in the 1950s, and the three were being re-integrated as Mitsubishi Major Industries in 1964. Within three years it's output was over seventy-five, 000 vehicles annually. Following the successful introduction with 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 spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) seemed to be formed on April twenty two, 1970 as a wholly owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
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The particular logo of three reddish diamonds, shared with over forty other companies 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 from the emblem of the Tosa Tribe who first employed your ex, and because his individual family crest was a few rhombuses stacked atop 1 another. The name Mitsubishi is often a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japanese to denote a diamond or rhombus).
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