Mitsubishi Motors Corporation is usually 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 by means of production. From October 2016 onwards, Mitsubishi is majority-owned by simply Nissan, and thus a section of the Renault-Nissan Alliance.Besides being part with the Renault-Nissan Alliance, it is also part of Mitsubishi keiretsu, formerly the biggest manufacturing group in Japan, through the corporation's minority 20% stake in Mitsubishi Magnetic motors, and the company had been originally formed in 1970 in the automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly an element of Mitsubishi Motors, but is now independent from Mitsubishi Motors, which builds commercial rank trucks, buses and heavy structure equipment, and is owned through Daimler AG.
Mitsubishi's automotive origins date here we are at 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Type A, Japan's first series-production auto. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive compared to its American and American mass-produced rivals, and was discontinued throughout 1921 after only 22 ended up built.In 1934, Mitsubishi Shipbuilding was merged with the Mitsubishi Aircraft Co., a company established in 1920 to manufacture aircraft engines and other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the greatest private company in Japan. MHI concentrated on creation aircraft, ships, railroad cars and machinery, but in 1937 created the PX33, a prototype sedan regarding military use. It was the first Japanese-built passenger car along with full-time four-wheel drive, a technology the company would return to almost fifty years later in its search for motorsport and sales success.
Immediately following the end of your 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 Sterling silver Pigeon were also developed. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered being dismantled by the Allied powers in 1950, and Mitsubishi Heavy Industries was put 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 began importing the Henry M, an inexpensive American four door built by Kaiser Engines, in knockdown kit (CKD) form in 1951, and continued to bring these to Japan for the remainder with the car's three-year production work. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (at this point owned by Kaiser) intended for CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps in production until 1998, thirty years after Willys by themselves had replaced the style.
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By the start of the 1960s Japan's economy was gearing up; wages were rising and the idea of family motoring was removing. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a automotive department in it is headquarters in 1953. Now it was able to introduce the Mitsubishi 500, a mass market car, to meet the brand-new demand from consumers. It followed this in 1962 with the Minica kei car plus the Colt 1000, the first of its Colt type of family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair to be a luxury car primarily for that Japanese market, and was used by simply senior Mitsubishi executives being a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Anatomist) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) acquired also expanded their automotive departments inside the 1950s, and the three were being re-integrated as Mitsubishi Major Industries in 1964. Within three years their output was over seventy-five, 000 vehicles annually. Following the successful introduction of 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 pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) had been formed on April 23, 1970 as a entirely owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].
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Your 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 on the emblem of the Tosa Kin who first employed your pet, and because his individual family crest was about three rhombuses stacked atop 1 another. The name Mitsubishi is really a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Japanese to denote a gemstone or rhombus).
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