Mitsubishi Motors Corporation is a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was your sixth biggest Japanese automaker and also the sixteenth biggest worldwide by simply production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a perhaps the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also a component of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's minority 20% stake in Mitsubishi Power generators, and the company had been originally formed in 1970 from your automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly an integral part of Mitsubishi Motors, but is now separate from Mitsubishi Motors, which builds commercial level trucks, buses and heavy construction equipment, and is owned simply by Daimler AG.
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Mitsubishi's automotive origins date time for 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Design A, Japan's first series-production auto. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive compared to its American and American mass-produced rivals, and was discontinued inside 1921 after only 22 had been built.In 1934, Mitsubishi Shipbuilding was merged using the Mitsubishi Aircraft Co., a company established in 1920 to manufacture aircraft engines along with parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the most significant private company in Asia. MHI concentrated on making aircraft, ships, railroad cars and systems, but in 1937 developed 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 get back to almost fifty years later in its pursuit of motorsport and sales good results.
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Rigtht after the end of the second World War, the company returned to help manufacturing vehicles. Fuso bus production started again, while a small three-wheeled packages vehicle called the Mizushima as well as a scooter called the Silver Pigeon were also designed. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered for being dismantled by the Allied capabilities in 1950, and Mitsubishi Heavy Industries was split up into three regional companies, each with an involvement in auto development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries begun importing the Henry M, an inexpensive American sedan built by Kaiser Generators, in knockdown kit (CKD) form in 1951, and continued to bring them to Japan for the remainder from the car's three-year production function. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (at this point owned by Kaiser) for CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps with production until 1998, thirty years after Willys independently had replaced the model.
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By the start of the 1960s Japan's economic climate was gearing up; wages were rising and the thought of family motoring was removing. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established a automotive department in their 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 all the Minica kei car as well as the Colt 1000, the first of its Colt line of family cars, in 1963. In 1964, Mitsubishi introduced its biggest passenger sedan, the Mitsubishi Debonair to be a luxury car primarily to the Japanese market, and was used simply by senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Architectural) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) experienced also expanded their automotive departments within the 1950s, and the three had been re-integrated as Mitsubishi Weighty Industries in 1964. Within three years it is output was over seventy five, 000 vehicles annually. Following the successful introduction of the first Galant in 1969 and similar growth which consists of commercial vehicle division, it was decided that this company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) was formed on April twenty-two, 1970 as a completely owned subsidiary of MHI under the leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
The logo of three crimson diamonds, shared with over forty other companies within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen simply by Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive with the emblem of the Tosa Clan who first employed your ex, and because his very own family crest was 3 rhombuses stacked atop 1 another. The name Mitsubishi is really a compound of mitsu ("three") as well as hishi (literally, "water chestnut", often used in Japanese to denote a precious stone or rhombus).
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