Mitsubishi Motors Corporation is really a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the particular sixth biggest Japanese automaker and also the sixteenth biggest worldwide by simply 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 integral part of Mitsubishi keiretsu, formerly the biggest commercial group in Japan, through the corporation's small section 20% stake in Mitsubishi Engines, and the company was originally formed in 1970 from your automotive division of Mitsubishi Major Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly part of Mitsubishi Motors, but is now separate from Mitsubishi Motors, which builds commercial grade trucks, buses and heavy development 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 Co., Ltd. introduced the Mitsubishi Type 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 to its American and European mass-produced rivals, and was discontinued in 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines as well as other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the biggest private company in Asia. MHI concentrated on production aircraft, ships, railroad cars and equipment, but in 1937 developed the PX33, a prototype sedan for military use. It was the initial Japanese-built passenger car together with full-time four-wheel drive, a technology the company would get back to almost fifty years later in its search for motorsport and sales achievement.
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Immediately following the end of the other World War, the company returned to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled freight vehicle called the Mizushima along with a scooter called the Silver precious metal Pigeon were also formulated. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered to be dismantled by the Allied capabilities in 1950, and Mitsubishi Heavy Industries was separated 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 importing the Henry N, an inexpensive American car built by Kaiser Power generators, in knockdown kit (CKD) form in 1951, and continued to bring the crooks to Japan for the remainder from the car's three-year production function. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (right now owned by Kaiser) intended for CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps in production until 1998, thirty years after Willys themselves had replaced the model.
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By the start of the 1960s Japan's economic system 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 automotive department in the headquarters in 1953. Now it was ready to introduce the Mitsubishi 500, a mass market car, 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 largest passenger sedan, the Mitsubishi Debonair being a luxury car primarily for the Japanese market, and was used by means of senior Mitsubishi executives like a company car.West Japan Heavy-Industries (at this point renamed Mitsubishi Shipbuilding & Executive) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) received also expanded their automotive departments inside the 1950s, and the three were being re-integrated as Mitsubishi Heavy Industries in 1964. Within three years it's output was over 75, 000 vehicles annually. Following the successful introduction with the first Galant in 1969 and similar growth using 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) was formed on April 25, 1970 as a totally owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
The logo of three reddish diamonds, shared with over forty other programs within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen by means of Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive of the emblem of the Tosa Clan who first employed them, and because his own family crest was three rhombuses stacked atop the other. The name Mitsubishi is really a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japanese people to denote a stone or rhombus).
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