Mitsubishi Motors Corporation is often a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker and also the sixteenth biggest worldwide by means of production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a section of the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also a component of Mitsubishi keiretsu, formerly the biggest manufacturing group in Japan, through the corporation's group 20% stake in Mitsubishi Generators, and the company ended up being originally formed in 1970 through the automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly an integral part of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial quality trucks, buses and heavy building equipment, and is owned by means of Daimler AG.
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Mitsubishi's automotive origins date back to 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Model A, Japan's first series-production automobile. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive when compared to its American and Western mass-produced rivals, and was discontinued in 1921 after only 22 were being built.In 1934, Mitsubishi Shipbuilding was merged while using the Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines and also other parts. The unified company was generally known as Mitsubishi Heavy Industries (MHI), and was the biggest private company in Asia. MHI concentrated on manufacturing aircraft, ships, railroad cars and machines, but in 1937 developed the PX33, a prototype sedan with regard to military use. It was the first Japanese-built passenger car together with full-time four-wheel drive, a technology the company would come back to almost fifty years later in its search for motorsport and sales accomplishment.
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Rigtht after the end of the second World War, the company returned in order to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled products vehicle called the Mizushima plus a scooter called the Sterling silver Pigeon were also developed. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered being dismantled by the Allied properties in 1950, and Mitsubishi Heavy Industries was separated into three regional companies, each with an involvement in car development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries began importing the Henry J, an inexpensive American car built by Kaiser Engines, in knockdown kit (CKD) kind in 1951, and continued to bring these phones Japan for the remainder from the car's three-year production work. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (currently owned by Kaiser) for CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps inside production until 1998, thirty years after Willys themselves 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 the concept of family motoring was removing. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established a good automotive department in their headquarters in 1953. Now it was willing to introduce the Mitsubishi 500, a mass market 4 door, to meet the completely new demand from consumers. It followed this in 1962 using the Minica kei car plus the Colt 1000, the first of its Colt distinctive line of family cars, in 1963. In 1964, Mitsubishi introduced its most significant passenger sedan, the Mitsubishi Debonair as being a luxury car primarily for your Japanese market, and was used simply by senior Mitsubishi executives to be a company car.West Japan Heavy-Industries (right now renamed Mitsubishi Shipbuilding & Anatomist) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments inside 1950s, and the three had been re-integrated as Mitsubishi Weighty Industries in 1964. Within three years it's output was over seventy-five, 000 vehicles annually. Following the successful introduction on the first Galant in 1969 and similar growth having its commercial vehicle division, it was decided how the company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April 23, 1970 as a fully owned subsidiary of MHI underneath the leadership of Tomio Kubo, a successful engineer through the aircraft division. [citation needed].
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This logo of three crimson diamonds, shared with over forty other programs within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen by simply Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive in the emblem of the Tosa Family who first employed him or her, and because his very own family crest was several rhombuses stacked atop the other. The name Mitsubishi is a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Japanese to denote a diamonds or rhombus).
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