Mitsubishi Motors Corporation is usually a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was this sixth biggest Japanese automaker and also the sixteenth biggest worldwide simply by 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 a part of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's fraction 20% stake in Mitsubishi Motors, and the company seemed to be originally formed in 1970 through the automotive division of Mitsubishi Major Industries.Mitsubishi Fuso Truck in addition to Bus Corporation was formerly an integral part of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial grade trucks, buses and heavy design equipment, and is owned by simply Daimler AG.
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Mitsubishi's automotive origins date time for 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Product A, Japan's first series-production automobile. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive in comparison with its American and European mass-produced rivals, and was discontinued inside 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged using the Mitsubishi Aircraft Co., a company established throughout 1920 to manufacture aircraft engines and also other parts. The unified company was often known as Mitsubishi Heavy Industries (MHI), and was the most significant private company in Okazaki, japan. MHI concentrated on making aircraft, ships, railroad cars and devices, but in 1937 produced the PX33, a prototype sedan for military use. It was the 1st Japanese-built passenger car with full-time four-wheel drive, a technology the company would return to almost fifty years later in its pursuit of motorsport and sales achievements.
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Rigtht after the end of the 2nd World War, the company returned to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled cargo vehicle called the Mizushima and also a scooter called the Gold Pigeon were also produced. However, the zaibatsu (Japan's family-controlled commercial conglomerates) were ordered being dismantled by the Allied forces in 1950, and Mitsubishi Heavy Industries was put 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 began importing the Henry M, an inexpensive American four door built by Kaiser Magnetic motors, in knockdown kit (CKD) style in 1951, and continued to bring those to Japan for the remainder of the car's three-year production work. The same year, Central Japan Heavy-Industries concluded much the same contract with Willys (today owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps throughout production until 1998, thirty years after Willys on their own had replaced the style.
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By the beginning of the 1960s Japan's overall economy was gearing up; wages were rising and the thinking behind family motoring was taking off. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a automotive department in its headquarters in 1953. Now it was able to introduce the Mitsubishi 500, a mass market 4 door, to meet the brand new demand from consumers. It followed this in 1962 while using Minica kei car plus the Colt 1000, the first of its Colt line of family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair to be a luxury car primarily for the Japanese market, and was used simply by senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (at this point renamed Mitsubishi Shipbuilding & Anatomist) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) received also expanded their automotive departments within the 1950s, and the three were re-integrated as Mitsubishi Hefty Industries in 1964. Within three years its output was over seventy five, 000 vehicles annually. Following the successful introduction from the first Galant in 1969 and similar growth featuring a commercial vehicle division, it was decided that this company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) was formed on April 22, 1970 as a entirely owned subsidiary of MHI within the leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
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Your logo of three red-colored diamonds, shared with over forty others within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen by means of Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive from the emblem of the Tosa Clan who first employed your ex, and because his personal family crest was a few rhombuses stacked atop the other person. The name Mitsubishi is a compound of mitsu ("three") in addition to hishi (literally, "water chestnut", often used in Japanese people to denote a diamond or rhombus).
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