Mitsubishi Motors Corporation is really a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the actual sixth biggest Japanese automaker and the sixteenth biggest worldwide through production. From October 2016 onwards, Mitsubishi is majority-owned simply by Nissan, and thus a perhaps the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also an integral part of Mitsubishi keiretsu, formerly the biggest manufacturing group in Japan, through the corporation's small section 20% stake in Mitsubishi Magnetic motors, and the company has been originally formed in 1970 in the automotive division of Mitsubishi Large Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly a part of Mitsubishi Motors, but is now independent from Mitsubishi Motors, which builds commercial class trucks, buses and heavy development equipment, and is owned through Daimler AG.
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Mitsubishi's automotive origins date to 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Style A, Japan's first series-production vehicle. An entirely hand-built seven-seater sedan good Fiat Tipo 3, it proved expensive when compared with its American and American mass-produced rivals, and was discontinued inside 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged 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 largest private company in Okazaki, japan. MHI concentrated on manufacturing aircraft, ships, railroad cars and devices, but in 1937 formulated the PX33, a prototype sedan with regard to military use. It was the first 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 achievement.
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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 cargo 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 being dismantled by the Allied power 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 started importing the Henry M, an inexpensive American car built by Kaiser Generators, in knockdown kit (CKD) style in 1951, and continued to bring the crooks to Japan for the remainder with the car's three-year production work. The same year, Central Japan Heavy-Industries concluded a comparable contract with Willys (right now owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps throughout production until 1998, thirty years after Willys on their own 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 thought of family motoring was taking off. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established the automotive department in its headquarters in 1953. Now it was prepared to introduce the Mitsubishi 500, a mass market sedan, to meet the completely new demand from consumers. It followed this in 1962 while using the Minica kei car and also the Colt 1000, the first of its Colt distinct family cars, in 1963. In 1964, Mitsubishi introduced its most significant passenger sedan, the Mitsubishi Debonair as a luxury car primarily with the Japanese market, and was used by simply senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Engineering) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments from the 1950s, and the three have been re-integrated as Mitsubishi Large Industries in 1964. Within three years it is output was over seventy five, 000 vehicles annually. Following the successful introduction of the first Galant in 1969 and similar growth which consists of commercial vehicle division, it was decided the company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) has been formed on April 22, 1970 as a wholly owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer in the aircraft division. [citation needed].
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Your logo of three reddish colored diamonds, shared with over forty other companies within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen by means of Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive in the emblem of the Tosa Family who first employed him or her, and because his individual family crest was several rhombuses stacked atop one another. The name Mitsubishi is a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japoneses to denote a diamond or rhombus).
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