Mitsubishi Motors Corporation is really a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was this sixth biggest Japanese automaker and also the sixteenth biggest worldwide through production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a section of the Renault-Nissan Alliance.Besides being part with the Renault-Nissan Alliance, it is also an element of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's group 20% stake in Mitsubishi Motors, and the company has been originally formed in 1970 from your automotive division of Mitsubishi Major Industries.Mitsubishi Fuso Truck along with Bus Corporation was formerly a part of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial quality trucks, buses and heavy design equipment, and is owned through Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Design A, Japan's first series-production vehicle. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive in comparison to its American and Western european mass-produced rivals, and was discontinued with 1921 after only 22 were being built.In 1934, Mitsubishi Shipbuilding was merged with all the Mitsubishi Aircraft Co., a company established throughout 1920 to manufacture aircraft engines along with other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the most significant private company in Japan. MHI concentrated on producing aircraft, ships, railroad cars and machines, but in 1937 designed the PX33, a prototype sedan with regard to 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 quest for motorsport and sales accomplishment.
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Rigtht after the end of the second World War, the company returned to be able to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled products vehicle called the Mizushima and also a scooter called the Silver precious metal 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 started importing the Henry J, an inexpensive American sedan built by Kaiser Magnetic motors, in knockdown kit (CKD) style in 1951, and continued to bring those to Japan for the remainder in the car's three-year production run. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (currently owned by Kaiser) with regard to 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.
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By the start of the 1960s Japan's economic climate was gearing up; wages were rising and the thinking behind family motoring was removing. Central Japan Heavy-Industries, now known as Tibia Mitsubishi Heavy-Industries, had already re-established a great automotive department in its headquarters in 1953. Now it was prepared to introduce the Mitsubishi 500, a mass market 4 door, to meet the completely new demand from consumers. It followed this in 1962 using the Minica kei car and the Colt 1000, the first of its Colt distinct family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair to be a luxury car primarily to the Japanese market, and was used by means of senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (right now renamed Mitsubishi Shipbuilding & Engineering) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments inside the 1950s, and the three had been re-integrated as Mitsubishi Heavy Industries in 1964. Within three years it's output was over 75, 000 vehicles annually. Following the successful introduction with the first Galant in 1969 and similar growth using its commercial vehicle division, it was decided how the company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) was formed on April 25, 1970 as a totally owned subsidiary of MHI beneath the leadership of Tomio Kubo, a successful engineer through the aircraft division. [citation needed].
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The logo of three red diamonds, shared with over forty others 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 of the emblem of the Tosa Family who first employed your ex, and because his unique family crest was about three rhombuses stacked atop each other. The name Mitsubishi is usually a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japoneses to denote a diamonds or rhombus).
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