Mitsubishi Motors Corporation is a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker as well as the sixteenth biggest worldwide through production. From October 2016 onwards, Mitsubishi is majority-owned by means of 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 business 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 component of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial class trucks, buses and heavy building equipment, and is owned through Daimler AG.
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Mitsubishi's automotive origins date time for 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 european mass-produced rivals, and was discontinued throughout 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged with the Mitsubishi Aircraft Co., a company established with 1920 to manufacture aircraft engines and other parts. The unified company was often known as Mitsubishi Heavy Industries (MHI), and was the largest private company in The japanese. MHI concentrated on making aircraft, ships, railroad cars and machines, but in 1937 created the PX33, a prototype sedan for military use. It was the first Japanese-built passenger car along with full-time four-wheel drive, a technology the company would return to almost fifty years later in its quest for motorsport and sales achievement.
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Immediately following the end of the 2nd World War, the company returned to help manufacturing vehicles. Fuso bus production started again, while a small three-wheeled products vehicle called the Mizushima as well as a scooter called the Gold Pigeon were also produced. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered to be dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was separated into three regional companies, each with an involvement in car development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries started out importing the Henry L, an inexpensive American car built by Kaiser Generators, in knockdown kit (CKD) type in 1951, and continued to bring these to Japan for the remainder in the car's three-year production operate. The same year, Central Japan Heavy-Industries concluded much the same contract with Willys (now owned by Kaiser) with regard to CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps within production until 1998, thirty years after Willys independently had replaced the product.
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By the beginning of the 1960s Japan's economic system was gearing up; wages were rising and the idea of family motoring was removing. Central Japan Heavy-Industries, now known as Tibia Mitsubishi Heavy-Industries, had already re-established a automotive department in the headquarters in 1953. Now it was willing to introduce the Mitsubishi 500, a mass market four door, 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 greatest passenger sedan, the Mitsubishi Debonair as being a luxury car primarily for the Japanese market, and was used by simply senior Mitsubishi executives like a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Engineering) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) experienced also expanded their automotive departments from the 1950s, and the three have been re-integrated as Mitsubishi Hefty Industries in 1964. Within three years it is output was over 75, 000 vehicles annually. Following the successful introduction in 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 spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) was formed on April twenty two, 1970 as a fully owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer from the aircraft division. [citation needed].
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The logo of three reddish colored diamonds, shared with over forty other individuals 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 Tribe who first employed your pet, and because his own family crest was three rhombuses stacked atop the other. The name Mitsubishi is a compound of mitsu ("three") and also hishi (literally, "water chestnut", often used in Western to denote a stone or rhombus).
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