Mitsubishi Motors Corporation is really a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the actual sixth biggest Japanese automaker plus the sixteenth biggest worldwide by production. From October 2016 onwards, Mitsubishi is majority-owned through Nissan, and thus a perhaps the Renault-Nissan Alliance.Besides being part with the Renault-Nissan Alliance, it is also part of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's fraction 20% stake in Mitsubishi Power generators, and the company had been originally formed in 1970 in the automotive division of Mitsubishi Large Industries.Mitsubishi Fuso Truck in addition to Bus Corporation was formerly part of Mitsubishi Motors, but is now different from Mitsubishi Motors, which builds commercial class trucks, buses and heavy structure equipment, and is owned simply by Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Model A, Japan's first series-production automobile. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive in comparison to its American and Western mass-produced rivals, and was discontinued within 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged with the Mitsubishi Aircraft Co., a company established throughout 1920 to manufacture aircraft engines along with other parts. The unified company was called Mitsubishi Heavy Industries (MHI), and was the most significant private company in The japanese. MHI concentrated on manufacturing aircraft, ships, railroad cars and equipment, but in 1937 produced the PX33, a prototype sedan for military use. It was the initial Japanese-built passenger car using full-time four-wheel drive, a technology the company would return to almost fifty years later in its hunt for motorsport and sales achievement.
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Immediately following the end of the other World War, the company returned for you to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled cargo vehicle called the Mizushima and also a scooter called the Gold Pigeon were also developed. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered to become dismantled by the Allied powers 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 began importing the Henry N, an inexpensive American sedan built by Kaiser Engines, in knockdown kit (CKD) kind in 1951, and continued to bring those to Japan for the remainder with the car's three-year production function. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (at this point owned by Kaiser) regarding CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps with production until 1998, thirty years after Willys themselves had replaced the type.
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By the start of the 1960s Japan's economic system 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 an automotive department in their headquarters in 1953. Now it was willing to introduce the Mitsubishi 500, a mass market four door, to meet the fresh demand from consumers. It followed this in 1962 while using the Minica kei car plus the Colt 1000, the first of its Colt type of family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair as a luxury car primarily for the Japanese market, and was used simply by senior Mitsubishi executives to be a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Executive) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments in the 1950s, and the three ended up re-integrated as Mitsubishi Large Industries in 1964. Within three years it's output was over 75, 000 vehicles annually. Following the successful introduction on the first Galant in 1969 and similar growth featuring a commercial vehicle division, it was decided that the company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) seemed to be formed on April twenty two, 1970 as a wholly owned subsidiary of MHI underneath the leadership of Tomio Kubo, a successful engineer in the aircraft division. [citation needed].
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The logo of three red diamonds, shared with over forty other companies within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen simply by Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive in the emblem of the Tosa Tribe who first employed him, and because his personal family crest was three rhombuses stacked atop the other person. The name Mitsubishi is a compound of mitsu ("three") and also hishi (literally, "water chestnut", often used in Japan to denote a diamonds or rhombus).
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