Mitsubishi Motors Corporation is usually a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was this sixth biggest Japanese automaker along with the sixteenth biggest worldwide through production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a the main Renault-Nissan Alliance.Besides being part in the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's group 20% stake in Mitsubishi Engines, and the company was originally formed in 1970 through the automotive division of Mitsubishi Large Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly part of Mitsubishi Motors, but is now independent from Mitsubishi Motors, which builds commercial quality trucks, buses and heavy building equipment, and is owned simply by Daimler AG.
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Mitsubishi's automotive origins date returning 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 in line with the Fiat Tipo 3, it proved expensive when compared to its American and Eu mass-produced rivals, and was discontinued inside 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged while using the Mitsubishi Aircraft Co., a company established within 1920 to manufacture aircraft engines as well as other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the greatest private company in The japanese. MHI concentrated on manufacturing aircraft, ships, railroad cars and machinery, but in 1937 developed the PX33, a prototype sedan for military use. It was the primary 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 achievements.
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Rigtht after the end of the other World War, the company returned for you to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled products vehicle called the Mizushima and also a scooter called the Metallic Pigeon were also developed. However, the zaibatsu (Japan's family-controlled professional 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 motorized vehicle development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries started out importing the Henry J, an inexpensive American 4 door built by Kaiser Engines, in knockdown kit (CKD) form in 1951, and continued to bring these phones Japan for the remainder from the car's three-year production operate. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (now owned by Kaiser) intended for CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps with production until 1998, thirty years after Willys by themselves had replaced the product.
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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 taking off. 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 ready to introduce the Mitsubishi 500, a mass market sedan, to meet the fresh demand from consumers. It followed this in 1962 with the Minica kei car plus the Colt 1000, the first of its Colt brand of family cars, in 1963. In 1964, Mitsubishi introduced its biggest passenger sedan, the Mitsubishi Debonair to be a luxury car primarily with the Japanese market, and was used through senior Mitsubishi executives as a company car.West Japan Heavy-Industries (today renamed Mitsubishi Shipbuilding & Architectural) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments from the 1950s, and the three had been re-integrated as Mitsubishi Major Industries in 1964. Within three years their output was over seventy five, 000 vehicles annually. Following the successful introduction with the first Galant in 1969 and similar growth having its commercial vehicle division, it was decided the company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April twenty two, 1970 as a fully owned subsidiary of MHI within the leadership of Tomio Kubo, a successful engineer in the aircraft division. [citation needed].
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The actual logo of three red diamonds, shared with over forty other programs within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen through Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive in the emblem of the Tosa Clan who first employed your pet, and because his personal family crest was about three rhombuses stacked atop each other. The name Mitsubishi is a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Japanese people to denote a precious stone or rhombus).
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