Mitsubishi Motors Corporation is usually a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the actual sixth biggest Japanese automaker and the sixteenth biggest worldwide by simply production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a section of the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also part of Mitsubishi keiretsu, formerly the biggest industrial group in Japan, through the corporation's community 20% stake in Mitsubishi Magnetic motors, and the company has been originally formed in 1970 in the automotive division of Mitsubishi Major Industries.Mitsubishi Fuso Truck along with Bus Corporation was formerly an integral part of Mitsubishi Motors, but is now different from Mitsubishi Motors, which builds commercial class trucks, buses and heavy design equipment, and is owned by Daimler AG.
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Mitsubishi's automotive origins date to 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Product A, Japan's first series-production vehicle. An entirely hand-built seven-seater sedan in line with the Fiat Tipo 3, it proved expensive when compared with its American and Western european mass-produced rivals, and was discontinued throughout 1921 after only 22 were being built.In 1934, Mitsubishi Shipbuilding was merged while using the Mitsubishi Aircraft Co., a company established within 1920 to manufacture aircraft engines and other parts. The unified company was often known as Mitsubishi Heavy Industries (MHI), and was the largest private company in The japanese. MHI concentrated on producing aircraft, ships, railroad cars and systems, but in 1937 formulated the PX33, a prototype sedan regarding military use. It was the very first Japanese-built passenger car using full-time four-wheel drive, a technology the company would resume almost fifty years later in its pursuit of motorsport and sales accomplishment.
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Rigtht after the end of the other World War, the company returned to help manufacturing vehicles. Fuso bus production started again, while a small three-wheeled shipment vehicle called the Mizushima and a scooter called the Sterling silver Pigeon were also formulated. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered being dismantled by the Allied power 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 car built by Kaiser Generators, in knockdown kit (CKD) form in 1951, and continued to bring them to Japan for the remainder with the car's three-year production function. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (currently owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps in production until 1998, thirty years after Willys independently had replaced the design.
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By the start of the 1960s Japan's financial system 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 good automotive department in the headquarters in 1953. Now it was ready to introduce the Mitsubishi 500, a mass market 4 door, to meet the brand new demand from consumers. It followed this in 1962 while using Minica kei car along with the Colt 1000, the first of its Colt distinct family cars, in 1963. In 1964, Mitsubishi introduced its greatest passenger sedan, the Mitsubishi Debonair being a luxury car primarily for that Japanese market, and was used through senior Mitsubishi executives being a company car.West Japan Heavy-Industries (right now renamed Mitsubishi Shipbuilding & Anatomist) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) experienced also expanded their automotive departments inside 1950s, and the three were being re-integrated as Mitsubishi Weighty Industries in 1964. Within three years its output was over seventy-five, 000 vehicles annually. Following the successful introduction on the first Galant in 1969 and similar growth which consists of commercial vehicle division, it was decided how the company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) had been formed on April 22, 1970 as a fully owned subsidiary of MHI under the leadership of Tomio Kubo, a successful engineer in the aircraft division. [citation needed].
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The actual logo of three reddish colored 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 on the emblem of the Tosa Clan who first employed your ex, and because his very own family crest was a few rhombuses stacked atop each other. The name Mitsubishi can be a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Japan to denote a precious stone or rhombus).
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