Mitsubishi Motors Corporation is really a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker as well as the sixteenth biggest worldwide by simply production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a perhaps the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also part of Mitsubishi keiretsu, formerly the biggest manufacturing group in Japan, through the corporation's community 20% stake in Mitsubishi Power generators, and the company has been originally formed in 1970 through the automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck along with Bus Corporation was formerly an element of Mitsubishi Motors, but is now independent from Mitsubishi Motors, which builds commercial class trucks, buses and heavy construction equipment, and is owned by simply Daimler AG.
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Mitsubishi's automotive origins date back to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Type A, Japan's first series-production automobile. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive compared to its American and European mass-produced rivals, and was discontinued with 1921 after only 22 were being built.In 1934, Mitsubishi Shipbuilding was merged with all the Mitsubishi Aircraft Co., a company established with 1920 to manufacture aircraft engines and also other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the biggest private company in Okazaki, japan. MHI concentrated on making aircraft, ships, railroad cars and machinery, but in 1937 developed the PX33, a prototype sedan pertaining to military use. It was the primary Japanese-built passenger car along with full-time four-wheel drive, a technology the company would resume almost fifty years later in its quest for motorsport and sales achievement.
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Immediately following the end of the other World War, the company returned in order to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled packages vehicle called the Mizushima and also a scooter called the Metallic Pigeon were also created. However, the zaibatsu (Japan's family-controlled commercial conglomerates) were ordered to become dismantled by the Allied capabilities in 1950, and Mitsubishi Heavy Industries was put into three regional companies, each with an involvement in automobile development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries started out importing the Henry M, an inexpensive American four door built by Kaiser Magnetic motors, in knockdown kit (CKD) form in 1951, and continued to bring them to Japan for the remainder of the car's three-year production run. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (right now owned by Kaiser) regarding CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps with production until 1998, thirty years after Willys them selves had replaced the design.
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By the start of the 1960s Japan's financial system was gearing up; wages were rising and the thinking behind family motoring was removing. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established the automotive department in the headquarters in 1953. Now it was prepared to introduce the Mitsubishi 500, a mass market sedan, to meet the fresh demand from consumers. It followed this in 1962 using the Minica kei car as well as the Colt 1000, the first of its Colt type 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 by simply senior Mitsubishi executives as a company car.West Japan Heavy-Industries (right now renamed Mitsubishi Shipbuilding & Executive) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) acquired also expanded their automotive departments within the 1950s, and the three have been re-integrated as Mitsubishi Heavy 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 that the company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April 25, 1970 as a completely owned subsidiary of MHI beneath the leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].
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The particular 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 simply by Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive from the emblem of the Tosa Tribe who first employed your ex, and because his unique family crest was 3 rhombuses stacked atop 1 another. The name Mitsubishi is a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japoneses to denote a diamonds or rhombus).
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