Mitsubishi Motors Corporation is a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker plus the sixteenth biggest worldwide by production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a the main Renault-Nissan Alliance.Besides being part with the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's group 20% stake in Mitsubishi Engines, and the company ended up being originally formed in 1970 from your automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly an element of Mitsubishi Motors, but is now different from Mitsubishi Motors, which builds commercial quality trucks, buses and heavy development equipment, and is owned simply by Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Design A, Japan's first series-production car. 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 in 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged while using the Mitsubishi Aircraft Co., a company established throughout 1920 to manufacture aircraft engines as well as other parts. The unified company was referred to as Mitsubishi Heavy Industries (MHI), and was the biggest private company in The japanese. MHI concentrated on production aircraft, ships, railroad cars and systems, but in 1937 produced the PX33, a prototype sedan intended for military use. It was the first Japanese-built passenger car having full-time four-wheel drive, a technology the company would return to almost fifty years later in its pursuit of motorsport and sales achievements.
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Rigtht after the end of the other World War, the company returned in order to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled packages vehicle called the Mizushima as well as a scooter called the Sterling silver Pigeon were also developed. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered to get dismantled by the Allied powers in 1950, and Mitsubishi Heavy Industries was separated 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 out importing the Henry T, an inexpensive American sedan built by Kaiser Magnetic motors, in knockdown kit (CKD) form in 1951, and continued to bring these phones Japan for the remainder in the car's three-year production work. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (now owned by Kaiser) regarding CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps within production until 1998, thirty years after Willys independently had replaced the type.
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By the beginning of the 1960s Japan's overall economy was gearing up; wages were rising and the thinking behind family motoring was removing. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established the automotive department in it is headquarters in 1953. Now it was willing to introduce the Mitsubishi 500, a mass market 4 door, to meet the brand-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 distinctive line of family cars, in 1963. In 1964, Mitsubishi introduced its greatest passenger sedan, the Mitsubishi Debonair as being a luxury car primarily with the Japanese market, and was used by senior Mitsubishi executives being a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Design) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments from the 1950s, and the three have been re-integrated as Mitsubishi Heavy Industries in 1964. Within three years its output was over 75, 000 vehicles annually. Following the successful introduction with the first Galant in 1969 and similar growth having its commercial vehicle division, it was decided the company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) has been formed on April twenty two, 1970 as a fully owned subsidiary of MHI under the leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].
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The actual 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 through Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive with the emblem of the Tosa Kin who first employed them, and because his personal family crest was three rhombuses stacked atop the other. The name Mitsubishi is a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japan to denote a diamonds or rhombus).
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