Mitsubishi Motors Corporation is often a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was this sixth biggest Japanese automaker as well as the sixteenth biggest worldwide by means of production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a the main Renault-Nissan Alliance.Besides being part with the Renault-Nissan Alliance, it is also an integral part of Mitsubishi keiretsu, formerly the biggest industrial group in Japan, through the corporation's community 20% stake in Mitsubishi Engines, and the company has been originally formed in 1970 through the automotive division of Mitsubishi Major Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly an integral part of Mitsubishi Motors, but is now separate 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 here we are at 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Model A, Japan's first series-production car. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive in comparison with its American and American mass-produced rivals, and was discontinued with 1921 after only 22 had been built.In 1934, Mitsubishi Shipbuilding was merged using the Mitsubishi Aircraft Co., a company established throughout 1920 to manufacture aircraft engines as well as other parts. The unified company was called Mitsubishi Heavy Industries (MHI), and was the major private company in Okazaki, japan. MHI concentrated on producing aircraft, ships, railroad cars and machines, but in 1937 developed the PX33, a prototype sedan with regard to military use. It was the initial Japanese-built passenger car using full-time four-wheel drive, a technology the company would return to almost fifty years later in its search for motorsport and sales achievements.
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Rigtht after the end of the other World War, the company returned to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled cargo vehicle called the Mizushima along with a scooter called the Silver precious metal Pigeon were also developed. However, the zaibatsu (Japan's family-controlled commercial conglomerates) were ordered being dismantled by the Allied power 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 M, an inexpensive American 4 door built by Kaiser Magnetic motors, in knockdown kit (CKD) type in 1951, and continued to bring them to Japan for the remainder with the car's three-year production run. The same year, Central Japan Heavy-Industries concluded much the same contract with Willys (at this point 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 themselves had replaced the style.
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By the start of the 1960s Japan's overall economy was gearing up; wages were rising and the idea of family motoring was removing. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a great automotive department in it is headquarters in 1953. Now it was able 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 the Minica kei car and also the Colt 1000, the first of its Colt brand of family cars, in 1963. In 1964, Mitsubishi introduced its most significant passenger sedan, the Mitsubishi Debonair like a luxury car primarily to the Japanese market, and was used simply by senior Mitsubishi executives to be a company car.West Japan Heavy-Industries (today renamed Mitsubishi Shipbuilding & Design) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments inside the 1950s, and the three have been re-integrated as Mitsubishi Heavy Industries in 1964. Within three years the output was over seventy-five, 000 vehicles annually. Following the successful introduction with the first Galant in 1969 and similar growth having 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) ended up being formed on April twenty two, 1970 as a completely owned subsidiary of MHI within the leadership of Tomio Kubo, a successful engineer through the aircraft division. [citation needed].
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The logo of three reddish diamonds, shared with over forty other companies 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 on the emblem of the Tosa Clan who first employed your ex, and because his unique family crest was three rhombuses stacked atop each other. The name Mitsubishi is a compound of mitsu ("three") in addition to hishi (literally, "water chestnut", often used in Japan to denote a precious stone or rhombus).
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