Mitsubishi Motors Corporation is often a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker and also the sixteenth biggest worldwide by means of production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part in the Renault-Nissan Alliance, it is also part of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's group 20% stake in Mitsubishi Power generators, and the company ended up being originally formed in 1970 from the automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck along with Bus Corporation was formerly part of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial rank trucks, buses and heavy building equipment, and is owned simply by Daimler AG.
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Mitsubishi's automotive origins date time for 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Product A, Japan's first series-production vehicle. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive in comparison to its American and Western european mass-produced rivals, and was discontinued throughout 1921 after only 22 had been built.In 1934, Mitsubishi Shipbuilding was merged with all the Mitsubishi Aircraft Co., a company established in 1920 to manufacture aircraft engines along with parts. The unified company was referred to as Mitsubishi Heavy Industries (MHI), and was the greatest private company in Okazaki, japan. MHI concentrated on creation aircraft, ships, railroad cars and systems, but in 1937 developed the PX33, a prototype sedan for military use. It was the very first Japanese-built passenger car together 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 accomplishment.
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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 shipment vehicle called the Mizushima as well as a scooter called the Metallic Pigeon were also created. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered for 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 J, an inexpensive American 4 door built by Kaiser Magnetic motors, in knockdown kit (CKD) type in 1951, and continued to bring these phones Japan for the remainder from 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) regarding CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps in production until 1998, thirty years after Willys by themselves had replaced the type.
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By the start of the 1960s Japan's financial system was gearing up; wages were rising and the thought of family motoring was removing. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a good automotive department in the 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 using the Minica kei car and the Colt 1000, the first of its Colt brand of family cars, in 1963. In 1964, Mitsubishi introduced its greatest passenger sedan, the Mitsubishi Debonair as a luxury car primarily for that Japanese market, and was used simply by senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Design) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments in the 1950s, and the three have been re-integrated as Mitsubishi Large Industries in 1964. Within three years their output was over 70, 000 vehicles annually. Following the successful introduction of 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 spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) seemed to be formed on April twenty two, 1970 as a fully owned subsidiary of MHI within the leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
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This logo of three red-colored diamonds, shared with over forty other companies within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen by Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive in the emblem of the Tosa Group who first employed him, and because his own family crest was 3 rhombuses stacked atop 1 another. The name Mitsubishi is usually a compound of mitsu ("three") as well as hishi (literally, "water chestnut", often used in Japanese to denote a precious stone or rhombus).
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