Mitsubishi Motors Corporation is 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 simply production. From October 2016 onwards, Mitsubishi is majority-owned by simply Nissan, and thus a area 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 manufacturing group in Japan, through the corporation's small section 20% stake in Mitsubishi Magnetic motors, and the company had been originally formed in 1970 from your automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly an integral part of Mitsubishi Motors, but is now different from Mitsubishi Motors, which builds commercial level trucks, buses and heavy building equipment, and is owned simply by Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Type A, Japan's first series-production car. An entirely hand-built seven-seater sedan good Fiat Tipo 3, it proved expensive when compared with its American and Western mass-produced rivals, and was discontinued within 1921 after only 22 had been built.In 1934, Mitsubishi Shipbuilding was merged while using the Mitsubishi Aircraft Co., a company established throughout 1920 to manufacture aircraft engines as well as other parts. The unified company was often known as Mitsubishi Heavy Industries (MHI), and was the greatest private company in The japanese. MHI concentrated on production aircraft, ships, railroad cars and equipment, but in 1937 designed the PX33, a prototype sedan regarding military use. It was the very first Japanese-built passenger car having full-time four-wheel drive, a technology the company would come back to almost fifty years later in its hunt for motorsport and sales accomplishment.
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Immediately following the end of the second World War, the company returned in order to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled cargo vehicle called the Mizushima and a scooter called the Sterling silver Pigeon were also created. However, the zaibatsu (Japan's family-controlled manufacturing conglomerates) were ordered being dismantled by the Allied properties in 1950, and Mitsubishi Heavy Industries was split into three regional companies, each with an involvement in motor vehicle development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries began importing the Henry T, an inexpensive American car built by Kaiser Magnetic 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 work. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (right now owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps in production until 1998, thirty years after Willys them selves had replaced the type.
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By the start of the 1960s Japan's economy was gearing up; wages were rising and the idea of family motoring was removing. Central Japan Heavy-Industries, now known as Tibia Mitsubishi Heavy-Industries, had already re-established an automotive department in it's headquarters in 1953. Now it was ready to introduce the Mitsubishi 500, a mass market car, 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 distinctive line of family cars, in 1963. In 1964, Mitsubishi introduced its greatest passenger sedan, the Mitsubishi Debonair as being a luxury car primarily to the Japanese market, and was used by simply senior Mitsubishi executives being a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Design) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) received also expanded their automotive departments in the 1950s, and the three were re-integrated as Mitsubishi Major Industries in 1964. Within three years its output was over 80, 000 vehicles annually. Following the successful introduction with the first Galant in 1969 and similar growth with its commercial vehicle division, it was decided which the company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) has been formed on April twenty two, 1970 as a totally owned subsidiary of MHI underneath the leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].
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The logo of three red diamonds, shared with over forty others within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen simply by Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive in the emblem of the Tosa Kin who first employed them, and because his unique family crest was a few rhombuses stacked atop 1 another. The name Mitsubishi is really a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japan to denote a gemstone or rhombus).
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