Mitsubishi Motors Corporation is often a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was this sixth biggest Japanese automaker plus the sixteenth biggest worldwide by simply 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 a component of Mitsubishi keiretsu, formerly the biggest commercial group in Japan, through the corporation's small section 20% stake in Mitsubishi Magnetic motors, and the company had been originally formed in 1970 on 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 distinct from Mitsubishi Motors, which builds commercial rank trucks, buses and heavy development equipment, and is owned by Daimler AG.
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Mitsubishi's automotive origins date here we are at 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Type A, Japan's first series-production car or truck. An entirely hand-built seven-seater sedan in line with the Fiat Tipo 3, it proved expensive compared to its American and Eu mass-produced rivals, and was discontinued with 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established in 1920 to manufacture aircraft engines and other parts. The unified company was generally known as Mitsubishi Heavy Industries (MHI), and was the largest private company in Okazaki, japan. MHI concentrated on creation aircraft, ships, railroad cars and machines, but in 1937 produced 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 return to almost fifty years later in its pursuit of motorsport and sales achievement.
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Immediately following the end of the 2nd World War, the company returned to be able to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled packages vehicle called the Mizushima along with a scooter called the Sterling silver Pigeon were also developed. However, the zaibatsu (Japan's family-controlled manufacturing conglomerates) were ordered to get dismantled by the Allied forces in 1950, and Mitsubishi Heavy Industries was put into three regional companies, each with an involvement in auto 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 car built by Kaiser Engines, in knockdown kit (CKD) form in 1951, and continued to bring those to Japan for the remainder of the car's three-year production run. The same year, Central Japan Heavy-Industries concluded a comparable contract with Willys (now owned by Kaiser) intended for CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps throughout production until 1998, thirty years after Willys independently had replaced the product.
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By the beginning of the 1960s Japan's overall economy 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 an automotive department in it is headquarters in 1953. Now it was able to introduce the Mitsubishi 500, a mass market sedan, to meet the completely new demand from consumers. It followed this in 1962 with all the Minica kei car and also the Colt 1000, the first of its Colt distinct family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair like a luxury car primarily with the Japanese market, and was used by simply senior Mitsubishi executives to be a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Architectural) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) acquired also expanded their automotive departments inside the 1950s, and the three have been re-integrated as Mitsubishi Weighty Industries in 1964. Within three years its output was over 80, 000 vehicles annually. Following the successful introduction on the first Galant in 1969 and similar growth featuring a commercial vehicle division, it was decided the company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April 22, 1970 as a entirely owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer in the aircraft division. [citation needed].
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The logo of three crimson diamonds, shared with over forty others within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen by Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive of the emblem of the Tosa Family who first employed him, and because his own family crest was a few rhombuses stacked atop 1 another. The name Mitsubishi can be a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Western to denote a stone or rhombus).
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