Mitsubishi Motors Corporation is really a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the actual sixth biggest Japanese automaker and also the sixteenth biggest worldwide simply by production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a perhaps the Renault-Nissan Alliance.Besides being part in the Renault-Nissan Alliance, it is also a component of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's small section 20% stake in Mitsubishi Generators, and the company ended up being originally formed in 1970 from your automotive division of Mitsubishi Heavy Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly a part of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial quality trucks, buses and heavy construction equipment, and is owned through Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Type A, Japan's first series-production vehicle. An entirely hand-built seven-seater sedan based on the Fiat Tipo 3, it proved expensive when compared with its American and European mass-produced rivals, and was discontinued within 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged with all the Mitsubishi Aircraft Co., a company established with 1920 to manufacture aircraft engines along with parts. The unified company was referred to as Mitsubishi Heavy Industries (MHI), and was the most significant private company in Japan. MHI concentrated on producing aircraft, ships, railroad cars and devices, but in 1937 formulated 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 return to almost fifty years later in its search for motorsport and sales achievement.
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Immediately following the end of the 2nd World War, the company returned in order to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled freight vehicle called the Mizushima as well as a scooter called the Sterling silver Pigeon were also produced. However, the zaibatsu (Japan's family-controlled manufacturing conglomerates) were ordered being dismantled by the Allied capabilities in 1950, and Mitsubishi Heavy Industries was put into three regional companies, each with an involvement in auto development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries begun importing the Henry T, an inexpensive American four door built by Kaiser Magnetic motors, in knockdown kit (CKD) type in 1951, and continued to bring these to Japan for the remainder in the car's three-year production function. The same year, Central Japan Heavy-Industries concluded a comparable contract with Willys (currently owned by Kaiser) regarding CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps throughout production until 1998, thirty years after Willys them selves had replaced the product.
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By the start of the 1960s Japan's economy was gearing up; wages were rising and thinking about family motoring was removing. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established a great automotive department in the headquarters in 1953. Now it was willing to introduce the Mitsubishi 500, a mass market car, to meet the fresh demand from consumers. It followed this in 1962 while using the Minica kei car plus 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 to be a luxury car primarily with the Japanese market, and was used by means of senior Mitsubishi executives to be a company car.West Japan Heavy-Industries (at this point renamed Mitsubishi Shipbuilding & Architectural) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments within the 1950s, and the three had been re-integrated as Mitsubishi Weighty Industries in 1964. Within three years its output was over 70, 000 vehicles annually. Following the successful introduction in the first Galant in 1969 and similar growth using its commercial vehicle division, it was decided that this company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) has been formed on April twenty-two, 1970 as a entirely owned subsidiary of MHI under the leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
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The logo of three reddish diamonds, shared with over forty other programs 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 of the emblem of the Tosa Tribe who first employed him or her, and because his individual family crest was several rhombuses stacked atop one another. The name Mitsubishi is usually a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Japoneses to denote a stone or rhombus).
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