Mitsubishi Motors Corporation is a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the particular sixth biggest Japanese automaker and also the sixteenth biggest worldwide by means of production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part on the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest commercial group in Japan, through the corporation's minority 20% stake in Mitsubishi Generators, and the company has been originally formed in 1970 from the automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck in addition to Bus Corporation was formerly a component of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial grade 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 Company., Ltd. introduced the Mitsubishi Model A, Japan's first series-production car. An entirely hand-built seven-seater sedan good Fiat Tipo 3, it proved expensive in comparison to its American and European mass-produced rivals, and was discontinued in 1921 after only 22 had been built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established with 1920 to manufacture aircraft engines along with other parts. The unified company was referred to as Mitsubishi Heavy Industries (MHI), and was the greatest private company in Asia. MHI concentrated on producing aircraft, ships, railroad cars and machines, but in 1937 created the PX33, a prototype sedan regarding military use. It was the very first Japanese-built passenger car with full-time four-wheel drive, a technology the company would resume almost fifty years later in its quest for motorsport and sales accomplishment.
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Immediately following the end of the other World War, the company returned to be able to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled shipment vehicle called the Mizushima plus a scooter called the Sterling silver Pigeon were also developed. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered to get dismantled by the Allied properties in 1950, and Mitsubishi Heavy Industries was put 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 J, an inexpensive American car built by Kaiser Magnetic motors, in knockdown kit (CKD) variety in 1951, and continued to bring those to Japan for the remainder in the car's three-year production operate. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (at this point owned by Kaiser) intended for CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps inside production until 1998, thirty years after Willys independently had replaced the style.
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By the start of the 1960s Japan's economic climate was gearing up; wages were rising and thinking about family motoring was removing. 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 wanting 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 the Colt 1000, the first of its Colt distinctive line of family cars, in 1963. In 1964, Mitsubishi introduced its greatest passenger sedan, the Mitsubishi Debonair as a luxury car primarily with the Japanese market, and was used by simply senior Mitsubishi executives as a company car.West Japan Heavy-Industries (right now renamed Mitsubishi Shipbuilding & Design) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) experienced also expanded their automotive departments from the 1950s, and the three had been re-integrated as Mitsubishi Weighty Industries in 1964. Within three years it is output was over seventy five, 000 vehicles annually. Following the successful introduction with the first Galant in 1969 and similar growth which consists of commercial vehicle division, it was decided that the company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April 23, 1970 as a completely owned subsidiary of MHI underneath the leadership of Tomio Kubo, a successful engineer through the aircraft division. [citation needed].
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The actual 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 by simply Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive from the emblem of the Tosa Group who first employed him, and because his personal family crest was 3 rhombuses stacked atop each other. The name Mitsubishi is really a compound of mitsu ("three") and also hishi (literally, "water chestnut", often used in Western to denote a diamonds or rhombus).
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