Mitsubishi Motors Corporation can be a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker plus the sixteenth biggest worldwide by means of 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 part of Mitsubishi keiretsu, formerly the biggest industrial group in Japan, through the corporation's community 20% stake in Mitsubishi Motors, and the company had been originally formed in 1970 on the automotive division of Mitsubishi Major Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly a component of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial level trucks, buses and heavy building 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 Product A, Japan's first series-production automobile. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive compared to its American and Eu mass-produced rivals, and was discontinued throughout 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged using the Mitsubishi Aircraft Co., a company established within 1920 to manufacture aircraft engines and other parts. The unified company was called Mitsubishi Heavy Industries (MHI), and was the biggest private company in Japan. MHI concentrated on making aircraft, ships, railroad cars and devices, but in 1937 formulated the PX33, a prototype sedan regarding military use. It was the initial Japanese-built passenger car with full-time four-wheel drive, a technology the company would return to almost fifty years later in its pursuit of motorsport and sales accomplishment.
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Immediately following the end of the second World War, the company returned in order to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled products vehicle called the Mizushima plus a scooter called the Gold Pigeon were also produced. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered to become dismantled by the Allied properties in 1950, and Mitsubishi Heavy Industries was split 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 began importing the Henry L, an inexpensive American sedan built by Kaiser Generators, in knockdown kit (CKD) kind in 1951, and continued to bring these to Japan for the remainder in the car's three-year production manage. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (today owned by Kaiser) regarding CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps in production until 1998, thirty years after Willys themselves had replaced the design.
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By the beginning of the 1960s Japan's economy was gearing up; wages were rising and the thought of family motoring was taking off. Central Japan Heavy-Industries, now known as Tibia Mitsubishi Heavy-Industries, had already re-established an automotive department in the headquarters in 1953. Now it was able to introduce the Mitsubishi 500, a mass market car, to meet the brand new demand from consumers. It followed this in 1962 with the Minica kei car along with the Colt 1000, the first of its Colt distinctive line of family cars, in 1963. In 1964, Mitsubishi introduced its major passenger sedan, the Mitsubishi Debonair being a luxury car primarily with the Japanese market, and was used by means of senior Mitsubishi executives as a company car.West Japan Heavy-Industries (today renamed Mitsubishi Shipbuilding & Executive) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments within the 1950s, and the three had been re-integrated as Mitsubishi Large Industries in 1964. Within three years the output was over 75, 000 vehicles annually. Following the successful introduction of the first Galant in 1969 and similar growth with its commercial vehicle division, it was decided which the company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April twenty two, 1970 as a wholly owned subsidiary of MHI underneath the leadership of Tomio Kubo, a successful engineer through the aircraft division. [citation needed].
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The logo of three red-colored diamonds, shared with over forty other individuals within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen by means of Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive in the emblem of the Tosa Clan who first employed him or her, and because his very own family crest was a few rhombuses stacked atop the other. The name Mitsubishi can be a compound of mitsu ("three") and also hishi (literally, "water chestnut", often used in Japan to denote a gemstone or rhombus).
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