Mitsubishi Motors Corporation is usually a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was your sixth biggest Japanese automaker and also the sixteenth biggest worldwide through production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a section of the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also an integral part of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's minority 20% stake in Mitsubishi Generators, and the company has been originally formed in 1970 from the automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly an integral part of Mitsubishi Motors, but is now separate from Mitsubishi Motors, which builds commercial rank trucks, buses and heavy construction equipment, and is owned by 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 Style A, Japan's first series-production automobile. An entirely hand-built seven-seater sedan in line with the Fiat Tipo 3, it proved expensive compared to its American and American mass-produced rivals, and was discontinued in 1921 after only 22 were being built.In 1934, Mitsubishi Shipbuilding was merged with the Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines as well as other parts. The unified company was called Mitsubishi Heavy Industries (MHI), and was the most significant private company in The japanese. MHI concentrated on making aircraft, ships, railroad cars and machines, but in 1937 developed the PX33, a prototype sedan for military use. It was the initial Japanese-built passenger car 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 good results.
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Immediately following the end of the second World War, the company returned for you to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled freight vehicle called the Mizushima along with a scooter called the Sterling silver Pigeon were also formulated. However, the zaibatsu (Japan's family-controlled commercial conglomerates) were ordered to become dismantled by the Allied forces in 1950, and Mitsubishi Heavy Industries was put into three regional companies, each with an involvement in automobile development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries began importing the Henry L, an inexpensive American four door built by Kaiser Power generators, in knockdown kit (CKD) form in 1951, and continued to bring them to Japan for the remainder in 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) intended for CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps in production until 1998, thirty years after Willys by themselves had replaced the type.
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By the beginning of the 1960s Japan's financial system 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 the automotive department in its 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 all the Minica kei car along with the Colt 1000, the first of its Colt distinctive line of family cars, in 1963. In 1964, Mitsubishi introduced its biggest passenger sedan, the Mitsubishi Debonair like a luxury car primarily for your Japanese market, and was used simply by senior Mitsubishi executives as a company car.West Japan Heavy-Industries (right now renamed Mitsubishi Shipbuilding & Engineering) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments in the 1950s, and the three ended up re-integrated as Mitsubishi Weighty Industries in 1964. Within three years the output was over 80, 000 vehicles annually. Following the successful introduction from the first Galant in 1969 and similar growth having its commercial vehicle division, it was decided the company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) had been formed on April 23, 1970 as a fully owned subsidiary of MHI within the leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
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This logo of three reddish colored diamonds, shared with over forty other individuals 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 with the emblem of the Tosa Clan who first employed them, and because his individual family crest was about three rhombuses stacked atop one another. The name Mitsubishi is usually a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japanese people to denote a gemstone or rhombus).
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