Mitsubishi Motors Corporation can be a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker and the sixteenth biggest worldwide by means of production. From October 2016 onwards, Mitsubishi is majority-owned by simply Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part of the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest manufacturing group in Japan, through the corporation's minority 20% stake in Mitsubishi Power generators, and the company ended up being originally formed in 1970 from the automotive division of Mitsubishi Heavy Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly a component of Mitsubishi Motors, but is now separate from Mitsubishi Motors, which builds commercial level trucks, buses and heavy construction equipment, and is owned simply by Daimler AG.
Mitsubishi's automotive origins date time for 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Product A, Japan's first series-production auto. An entirely hand-built seven-seater sedan in line with the 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 inside 1920 to manufacture aircraft engines and other parts. The unified company was called Mitsubishi Heavy Industries (MHI), and was the biggest private company in Okazaki, japan. MHI concentrated on producing aircraft, ships, railroad cars and equipment, but in 1937 created the PX33, a prototype sedan regarding military use. It was the initial Japanese-built passenger car using full-time four-wheel drive, a technology the company would come back to almost fifty years later in its quest for motorsport and sales achievements.
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Rigtht after the end of the next World War, the company returned for you to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled freight vehicle called the Mizushima along with a scooter called the Sterling silver Pigeon were also produced. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered being dismantled by the Allied powers in 1950, and Mitsubishi Heavy Industries was split up 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 commenced importing the Henry J, an inexpensive American car built by Kaiser Motors, in knockdown kit (CKD) variety in 1951, and continued to bring those to Japan for the remainder on the car's three-year production run. The same year, Central Japan Heavy-Industries concluded the same contract with Willys (today owned by Kaiser) for CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps inside production until 1998, thirty years after Willys by themselves 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 it's headquarters in 1953. Now it was willing to introduce the Mitsubishi 500, a mass market four door, to meet the brand-new demand from consumers. It followed this in 1962 while using Minica kei car and the Colt 1000, the first of its Colt brand of family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair like a luxury car primarily for that Japanese market, and was used by senior Mitsubishi executives like a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Architectural) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments inside the 1950s, and the three were re-integrated as Mitsubishi Heavy Industries in 1964. Within three years it is output was over 75, 000 vehicles annually. Following the successful introduction on the first Galant in 1969 and similar growth using its commercial vehicle division, it was decided the company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) seemed to be formed on April twenty two, 1970 as a completely owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer from the aircraft division. [citation needed].
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This logo of three reddish colored diamonds, shared with over forty others within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen through Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive with the emblem of the Tosa Family who first employed him, and because his individual family crest was a few rhombuses stacked atop each other. The name Mitsubishi is a compound of mitsu ("three") as well as hishi (literally, "water chestnut", often used in Japan to denote a stone or rhombus).
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