Mitsubishi Motors Corporation can be a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the particular sixth biggest Japanese automaker plus the sixteenth biggest worldwide by means of production. From October 2016 onwards, Mitsubishi is majority-owned simply by Nissan, and thus a perhaps the Renault-Nissan Alliance.Besides being part with the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest commercial group in Japan, through the corporation's community 20% stake in Mitsubishi Power generators, and the company seemed to be originally formed in 1970 through the automotive division of Mitsubishi Major Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly a component of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial class trucks, buses and heavy structure equipment, and is owned through Daimler AG.
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Mitsubishi's automotive origins date here we are at 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Product A, Japan's first series-production car. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive compared to its American and Western european mass-produced rivals, and was discontinued within 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged while using the Mitsubishi Aircraft Co., a company established in 1920 to manufacture aircraft engines along with other parts. The unified company was referred to as Mitsubishi Heavy Industries (MHI), and was the major private company in Japan. MHI concentrated on production aircraft, ships, railroad cars and systems, but in 1937 designed the PX33, a prototype sedan intended for military use. It was the very first Japanese-built passenger car together with full-time four-wheel drive, a technology the company would return to almost fifty years later in its hunt for motorsport and sales success.
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Rigtht after the end of the next World War, the company returned to be able to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled products vehicle called the Mizushima along with a scooter called the Metallic Pigeon were also produced. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered being dismantled by the Allied forces in 1950, and Mitsubishi Heavy Industries was put 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 T, an inexpensive American car built by Kaiser Power generators, in knockdown kit (CKD) kind in 1951, and continued to bring these to Japan for the remainder on the car's three-year production run. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (at this point owned by Kaiser) intended for 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 model.
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By the start of the 1960s Japan's economic climate was gearing up; wages were rising and the thought of family motoring was taking off. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a automotive department in its headquarters in 1953. Now it was prepared to introduce the Mitsubishi 500, a mass market 4 door, to meet the brand new demand from consumers. It followed this in 1962 with all the Minica kei car plus the Colt 1000, the first of its Colt distinct family cars, in 1963. In 1964, Mitsubishi introduced its greatest passenger sedan, the Mitsubishi Debonair to be a luxury car primarily to the Japanese market, and was used through senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Design) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments inside 1950s, and the three have been re-integrated as Mitsubishi Hefty Industries in 1964. Within three years their 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 that this company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) was formed on April 23, 1970 as a totally owned subsidiary of MHI within the leadership of Tomio Kubo, a successful engineer through the aircraft division. [citation needed].
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The particular 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 on the emblem of the Tosa Group who first employed your ex, and because his personal family crest was a few rhombuses stacked atop 1 another. The name Mitsubishi is often a compound of mitsu ("three") and also hishi (literally, "water chestnut", often used in Japan to denote a gemstone or rhombus).
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