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Mitsubishi Motors Corporation can be a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the actual sixth biggest Japanese automaker as well as the sixteenth biggest worldwide by production. From October 2016 onwards, Mitsubishi is majority-owned by simply Nissan, and thus a the main Renault-Nissan Alliance.Besides being part with the Renault-Nissan Alliance, it is also an integral part of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's group 20% stake in Mitsubishi Power generators, and the company had been originally formed in 1970 from your automotive division of Mitsubishi Large Industries.Mitsubishi Fuso Truck and 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 construction equipment, and is owned by Daimler AG.

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Mitsubishi's automotive origins date to 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Design A, Japan's first series-production automobile. An entirely hand-built seven-seater sedan in line with the Fiat Tipo 3, it proved expensive when compared to its American and European mass-produced rivals, and was discontinued within 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged using the Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines along with parts. The unified company was known as 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 produced the PX33, a prototype sedan for military use. It was the very first Japanese-built passenger car together with full-time four-wheel drive, a technology the company would resume almost fifty years later in its pursuit of motorsport and sales achievements.

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Rigtht after the end of your second World War, the company returned to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled freight vehicle called the Mizushima plus a scooter called the Silver precious metal Pigeon were also developed. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered to become dismantled by the Allied power 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 started importing the Henry J, an inexpensive American four door built by Kaiser Magnetic motors, in knockdown kit (CKD) variety in 1951, and continued to bring these to Japan for the remainder with the car's three-year production function. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (currently owned by Kaiser) regarding CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps with production until 1998, thirty years after Willys them selves had replaced the model.

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By the beginning of the 1960s Japan's economic climate was gearing up; wages were rising and thinking about family motoring was removing. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a great automotive department in their headquarters in 1953. Now it was willing 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 as well as the Colt 1000, the first of its Colt distinct family cars, in 1963. In 1964, Mitsubishi introduced its biggest passenger sedan, the Mitsubishi Debonair to be a luxury car primarily for your Japanese market, and was used by simply senior Mitsubishi executives to be 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 were being re-integrated as Mitsubishi Major Industries in 1964. Within three years its output was over seventy five, 000 vehicles annually. Following the successful introduction in the first Galant in 1969 and similar growth which consists of commercial vehicle division, it was decided which the company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April 23, 1970 as a entirely owned subsidiary of MHI beneath the leadership of Tomio Kubo, a successful engineer through the aircraft division. [citation needed].

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Your logo of three red diamonds, shared with over forty other individuals 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 with the emblem of the Tosa Family who first employed your pet, and because his unique family crest was several rhombuses stacked atop each other. The name Mitsubishi can be a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Japanese people to denote a gemstone or rhombus).

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