Mitsubishi Motors Corporation is often a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the actual sixth biggest Japanese automaker along with the sixteenth biggest worldwide through production. From October 2016 onwards, Mitsubishi is majority-owned simply by Nissan, and thus a part 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 had been originally formed in 1970 on the automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly an element of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial class trucks, buses and heavy design equipment, and is owned by simply Daimler AG.
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Mitsubishi's automotive origins date time for 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Model A, Japan's first series-production car. An entirely hand-built seven-seater sedan in line with the Fiat Tipo 3, it proved expensive compared to its American and American mass-produced rivals, and was discontinued inside 1921 after only 22 were being built.In 1934, Mitsubishi Shipbuilding was merged using the Mitsubishi Aircraft Co., a company established in 1920 to manufacture aircraft engines and other parts. The unified company was referred to as Mitsubishi Heavy Industries (MHI), and was the biggest private company in Okazaki, japan. MHI concentrated on manufacturing aircraft, ships, railroad cars and devices, but in 1937 produced 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 return to almost fifty years later in its search for motorsport and sales achievement.
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Immediately following the end of the second World War, the company returned to help manufacturing vehicles. Fuso bus production started again, while a small three-wheeled shipment vehicle called the Mizushima along with a scooter called the Metallic Pigeon were also designed. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered to be dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was separated into three regional companies, each with an involvement in motorized vehicle development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries began importing the Henry L, an inexpensive American car built by Kaiser Magnetic motors, in knockdown kit (CKD) style in 1951, and continued to bring these to Japan for the remainder on the car's three-year production run. The same year, Central Japan Heavy-Industries concluded much the same contract with Willys (currently owned by Kaiser) with regard to CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps within production until 1998, thirty years after Willys by themselves had replaced the product.
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By the beginning of the 1960s Japan's financial system was gearing up; wages were rising and the thought of family motoring was removing. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established the automotive department in it's headquarters in 1953. Now it was wanting to introduce the Mitsubishi 500, a mass market car, 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 brand of family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair being a luxury car primarily with the Japanese market, and was used by senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (at this point renamed Mitsubishi Shipbuilding & Engineering) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments inside 1950s, and the three ended up re-integrated as Mitsubishi Hefty Industries in 1964. Within three years the 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) had been 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 actual logo of three red-colored diamonds, shared with over forty others within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen by means of 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 very own family crest was about three rhombuses stacked atop 1 another. The name Mitsubishi is a compound of mitsu ("three") and also hishi (literally, "water chestnut", often used in Western to denote a stone or rhombus).
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