Mitsubishi Motors Corporation is often a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the particular sixth biggest Japanese automaker along with the sixteenth biggest worldwide by production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a the main Renault-Nissan Alliance.Besides being part with the Renault-Nissan Alliance, it is also an integral part of Mitsubishi keiretsu, formerly the biggest commercial group in Japan, through the corporation's minority 20% stake in Mitsubishi Generators, and the company was originally formed in 1970 from your automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck in addition to Bus Corporation was formerly a part of Mitsubishi Motors, but is now independent 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 returning to 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Type A, Japan's first series-production auto. An entirely hand-built seven-seater sedan based on the Fiat Tipo 3, it proved expensive when compared with its American and Western mass-produced rivals, and was discontinued in 1921 after only 22 ended up built.In 1934, Mitsubishi Shipbuilding was merged with all the Mitsubishi Aircraft Co., a company established in 1920 to manufacture aircraft engines along with parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the largest private company in Okazaki, japan. MHI concentrated on producing aircraft, ships, railroad cars and systems, but in 1937 produced the PX33, a prototype sedan regarding military use. It was the initial Japanese-built passenger car together with full-time four-wheel drive, a technology the company would come back to almost fifty years later in its quest for motorsport and sales achievement.
Immediately following the end of the next World War, the company returned in order to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled cargo vehicle called the Mizushima and also a scooter called the Silver Pigeon were also designed. However, the zaibatsu (Japan's family-controlled manufacturing conglomerates) were ordered to be dismantled by the Allied powers 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 N, an inexpensive American 4 door built by Kaiser Motors, in knockdown kit (CKD) form in 1951, and continued to bring these phones Japan for the remainder of the car's three-year production work. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (right now owned by Kaiser) for CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps in production until 1998, thirty years after Willys on their own had replaced the style.
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By the start of the 1960s Japan's overall economy was gearing up; wages were rising and the thinking behind family motoring was removing. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a great automotive department in it's headquarters in 1953. Now it was wanting to introduce the Mitsubishi 500, a mass market car, to meet the new demand from consumers. It followed this in 1962 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 biggest passenger sedan, the Mitsubishi Debonair like a luxury car primarily to the Japanese market, and was used through senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (at this point renamed Mitsubishi Shipbuilding & Design) and East Asia 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 Heavy Industries in 1964. Within three years its output was over 70, 000 vehicles annually. Following the successful introduction of the first Galant in 1969 and similar growth having 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) has been formed on April 25, 1970 as a totally owned subsidiary of MHI beneath the leadership of Tomio Kubo, a successful engineer from 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 century. It was chosen simply by Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive from the emblem of the Tosa Family who first employed them, and because his very own family crest was a few rhombuses stacked atop one another. The name Mitsubishi is often a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japan to denote a precious stone or rhombus).
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