Mitsubishi Motors Corporation is usually a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was your sixth biggest Japanese automaker as well as the sixteenth biggest worldwide by production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part in the Renault-Nissan Alliance, it is also an element of Mitsubishi keiretsu, formerly the biggest commercial group in Japan, through the corporation's minority 20% stake in Mitsubishi Generators, and the company ended up being originally formed in 1970 from the automotive division of Mitsubishi Heavy Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly an element of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial rank trucks, buses and heavy building equipment, and is owned through Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Design A, Japan's first series-production car or truck. An entirely hand-built seven-seater sedan good Fiat Tipo 3, it proved expensive in comparison with its American and European mass-produced rivals, and was discontinued throughout 1921 after only 22 had been built.In 1934, Mitsubishi Shipbuilding was merged with all the Mitsubishi Aircraft Co., a company established throughout 1920 to manufacture aircraft engines along with other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the greatest private company in Asia. MHI concentrated on manufacturing aircraft, ships, railroad cars and machinery, but in 1937 formulated the PX33, a prototype sedan with regard to military use. It was the primary Japanese-built passenger car along with full-time four-wheel drive, a technology the company would go back to almost fifty years later in its hunt for motorsport and sales accomplishment.
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Rigtht after the end of the 2nd World War, the company returned to be able to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled packages vehicle called the Mizushima along with a scooter called the Metallic Pigeon were also developed. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered to get dismantled by the Allied capabilities in 1950, and Mitsubishi Heavy Industries was put 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 started out importing the Henry L, an inexpensive American 4 door built by Kaiser Motors, in knockdown kit (CKD) kind in 1951, and continued to bring the crooks to Japan for the remainder on the car's three-year production operate. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (right now owned by Kaiser) for CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps throughout production until 1998, thirty years after Willys them selves had replaced the product.
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By the beginning of the 1960s Japan's economic system was gearing up; wages were rising and the idea of family motoring was taking off. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a good automotive department in their headquarters in 1953. Now it was able to introduce the Mitsubishi 500, a mass market 4 door, to meet the brand new demand from consumers. It followed this in 1962 using the Minica kei car as well as the Colt 1000, the first of its Colt type of family cars, in 1963. In 1964, Mitsubishi introduced its major passenger sedan, the Mitsubishi Debonair as being a luxury car primarily for the Japanese market, and was used by means of senior Mitsubishi executives being a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Engineering) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) experienced also expanded their automotive departments inside the 1950s, and the three had been re-integrated as Mitsubishi Hefty Industries in 1964. Within three years it's output was over seventy-five, 000 vehicles annually. Following the successful introduction in the first Galant in 1969 and similar growth featuring a commercial vehicle division, it was decided that this 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 totally owned subsidiary of MHI beneath the leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
The logo of three reddish diamonds, shared with over forty others 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 in the emblem of the Tosa Group who first employed your ex, and because his own family crest was about three rhombuses stacked atop the other. The name Mitsubishi is usually a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japanese people to denote a diamonds or rhombus).
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