Mitsubishi Motors Corporation is usually a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was this sixth biggest Japanese automaker along with the sixteenth biggest worldwide by simply production. From October 2016 onwards, Mitsubishi is majority-owned by simply Nissan, and thus a perhaps the Renault-Nissan Alliance.Besides being part of the Renault-Nissan Alliance, it is also a 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 from the automotive division of Mitsubishi Large Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly an integral part of Mitsubishi Motors, but is now separate from Mitsubishi Motors, which builds commercial grade trucks, buses and heavy development equipment, and is owned through Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Model A, Japan's first series-production car. An entirely hand-built seven-seater sedan based on the Fiat Tipo 3, it proved expensive in comparison to its American and European mass-produced rivals, and was discontinued within 1921 after only 22 had been built.In 1934, Mitsubishi Shipbuilding was merged while using the Mitsubishi Aircraft Co., a company established within 1920 to manufacture aircraft engines along with parts. The unified company was called Mitsubishi Heavy Industries (MHI), and was the biggest private company in Japan. MHI concentrated on producing aircraft, ships, railroad cars and machines, but in 1937 formulated the PX33, a prototype sedan regarding military use. It was the very first Japanese-built passenger car having full-time four-wheel drive, a technology the company would resume almost fifty years later in its search for motorsport and sales success.
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Immediately following the end of the next World War, the company returned for you to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled cargo vehicle called the Mizushima and also a scooter called the Metallic Pigeon were also created. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered for being dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was split 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 begun importing the Henry T, an inexpensive American car built by Kaiser Power generators, in knockdown kit (CKD) kind in 1951, and continued to bring them to Japan for the remainder from the car's three-year production manage. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (now owned by Kaiser) with regard to CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps inside production until 1998, thirty years after Willys on their own had replaced the model.
By the beginning of the 1960s Japan's economy 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 an automotive department in it is headquarters in 1953. Now it was able to introduce the Mitsubishi 500, a mass market car, to meet the fresh demand from consumers. It followed this in 1962 while using Minica kei car as well as the Colt 1000, the first of its Colt distinct family cars, in 1963. In 1964, Mitsubishi introduced its major passenger sedan, the Mitsubishi Debonair being a luxury car primarily for your Japanese market, and was used by means of senior Mitsubishi executives being a company car.West Japan Heavy-Industries (at this point renamed Mitsubishi Shipbuilding & Architectural) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments within the 1950s, and the three had been re-integrated as Mitsubishi Large Industries in 1964. Within three years the output was over seventy five, 000 vehicles annually. Following the successful introduction from the first Galant in 1969 and similar growth featuring a commercial vehicle division, it was decided how the company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) seemed to be formed on April 25, 1970 as a fully owned subsidiary of MHI within the leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].
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This logo of three red diamonds, shared with over forty other programs within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen through Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive from the emblem of the Tosa Tribe who first employed him, and because his unique family crest was 3 rhombuses stacked atop the other. The name Mitsubishi can be a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japoneses to denote a stone or rhombus).
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