Mitsubishi Motors Corporation is a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the actual sixth biggest Japanese automaker along with the sixteenth biggest worldwide by simply production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a perhaps the Renault-Nissan Alliance.Besides being part of the Renault-Nissan Alliance, it is also an integral part of Mitsubishi keiretsu, formerly the biggest industrial group in Japan, through the corporation's fraction 20% stake in Mitsubishi Engines, and the company has been originally formed in 1970 through the automotive division of Mitsubishi Hefty 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 class trucks, buses and heavy building equipment, and is owned by means of Daimler AG.
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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 while using Fiat Tipo 3, it proved expensive compared to its American and American mass-produced rivals, and was discontinued within 1921 after only 22 had been built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established throughout 1920 to manufacture aircraft engines along with other parts. The unified company was often known as Mitsubishi Heavy Industries (MHI), and was the biggest private company in Okazaki, japan. MHI concentrated on creation aircraft, ships, railroad cars and equipment, but in 1937 developed the PX33, a prototype sedan for military use. It was the primary Japanese-built passenger car having full-time four-wheel drive, a technology the company would return to almost fifty years later in its hunt for motorsport and sales achievements.
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Immediately following the end of the 2nd World War, the company returned to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled shipment vehicle called the Mizushima and a scooter called the Metallic Pigeon were also produced. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered to become dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was split up 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 commenced importing the Henry L, an inexpensive American car built by Kaiser Motors, in knockdown kit (CKD) style in 1951, and continued to bring these to Japan for the remainder with the car's three-year production function. The same year, Central Japan Heavy-Industries concluded a comparable contract with Willys (at this point owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps throughout production until 1998, thirty years after Willys themselves had replaced the product.
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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 Leg Mitsubishi Heavy-Industries, had already re-established a automotive department in their headquarters in 1953. Now it was prepared 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 distinct family cars, in 1963. In 1964, Mitsubishi introduced its most significant passenger sedan, the Mitsubishi Debonair as being a luxury car primarily for the Japanese market, and was used by means of 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) acquired also expanded their automotive departments in the 1950s, and the three were re-integrated as Mitsubishi Hefty 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 which consists of commercial vehicle division, it was decided which the company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) has been formed on April 25, 1970 as a fully owned subsidiary of MHI under the leadership of Tomio Kubo, a successful engineer on 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 simply by Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive in the emblem of the Tosa Clan who first employed him or her, and because his unique family crest was several rhombuses stacked atop each other. The name Mitsubishi is usually a compound of mitsu ("three") in addition to hishi (literally, "water chestnut", often used in Japanese to denote a diamonds or rhombus).
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