Mitsubishi Motors Corporation is really a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was your sixth biggest Japanese automaker along with the sixteenth biggest worldwide through production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part of the Renault-Nissan Alliance, it is also an integral part of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's small section 20% stake in Mitsubishi Motors, and the company was originally formed in 1970 through the automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck in addition to Bus Corporation was formerly an integral part of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial class trucks, buses and heavy development equipment, and is owned through Daimler AG.
Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Product A, Japan's first series-production auto. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive when compared with its American and American mass-produced rivals, and was discontinued inside 1921 after only 22 were being built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established with 1920 to manufacture aircraft engines and also other parts. The unified company was called Mitsubishi Heavy Industries (MHI), and was the biggest private company in Asia. MHI concentrated on production aircraft, ships, railroad cars and machines, but in 1937 produced the PX33, a prototype sedan with regard to military use. It was the initial Japanese-built passenger car with full-time four-wheel drive, a technology the company would go back to almost fifty years later in its hunt for motorsport and sales accomplishment.
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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 freight vehicle called the Mizushima along with a scooter called the Gold Pigeon were also created. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered to be dismantled by the Allied capabilities in 1950, and Mitsubishi Heavy Industries was put 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 M, an inexpensive American 4 door built by Kaiser Generators, in knockdown kit (CKD) variety in 1951, and continued to bring them to Japan for the remainder with the car's three-year production run. The same year, Central Japan Heavy-Industries concluded a comparable contract with Willys (currently owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps inside production until 1998, thirty years after Willys them selves had replaced the design.
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By the start of the 1960s Japan's overall economy was gearing up; wages were rising and the concept of family motoring was removing. Central Japan Heavy-Industries, now known as Tibia Mitsubishi Heavy-Industries, had already re-established a automotive department in the headquarters in 1953. Now it was wanting to introduce the Mitsubishi 500, a mass market sedan, to meet the completely new demand from consumers. It followed this in 1962 with all the Minica kei car and also the Colt 1000, the first of its Colt line of family cars, in 1963. In 1964, Mitsubishi introduced its most significant passenger sedan, the Mitsubishi Debonair as being a luxury car primarily to the Japanese market, and was used through senior Mitsubishi executives to be a company car.West Japan Heavy-Industries (at this point renamed Mitsubishi Shipbuilding & Design) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments inside 1950s, and the three were being re-integrated as Mitsubishi Hefty Industries in 1964. Within three years it is output was over 70, 000 vehicles annually. Following the successful introduction with the first Galant in 1969 and similar growth with 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 22, 1970 as a fully owned subsidiary of MHI underneath the leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
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The particular logo of three crimson diamonds, shared with over forty other individuals 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 Family who first employed your pet, and because his individual family crest was about three rhombuses stacked atop the other person. The name Mitsubishi is usually a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japanese people to denote a diamonds or rhombus).
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