Mitsubishi Motors Corporation can be a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the actual sixth biggest Japanese automaker and also the sixteenth biggest worldwide simply by production. From October 2016 onwards, Mitsubishi is majority-owned through Nissan, and thus a part of the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also an element of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's minority 20% stake in Mitsubishi Motors, and the company ended up being originally formed in 1970 on the automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck in addition to Bus Corporation was formerly a part of Mitsubishi Motors, but is now separate from Mitsubishi Motors, which builds commercial quality trucks, buses and heavy structure 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 Model A, Japan's first series-production auto. An entirely hand-built seven-seater sedan based on the Fiat Tipo 3, it proved expensive compared to its American and 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 along with other parts. The unified company was referred to as Mitsubishi Heavy Industries (MHI), and was the major private company in Japan. MHI concentrated on making aircraft, ships, railroad cars and machines, but in 1937 designed the PX33, a prototype sedan intended for military use. It was the first Japanese-built passenger car using full-time four-wheel drive, a technology the company would come back to almost fifty years later in its hunt for motorsport and sales achievements.
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Rigtht after the end of the second World War, the company returned for you to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled products vehicle called the Mizushima as well as a scooter called the Gold Pigeon were also designed. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered to become dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was split up 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 started out importing the Henry L, an inexpensive American 4 door built by Kaiser Engines, in knockdown kit (CKD) form in 1951, and continued to bring the crooks to Japan for the remainder on the car's three-year production manage. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (today owned by Kaiser) with regard to CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps with production until 1998, thirty years after Willys themselves had replaced the design.
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By the beginning of the 1960s Japan's financial system was gearing up; wages were rising and the thinking behind family motoring was removing. Central Japan Heavy-Industries, now known as Tibia Mitsubishi Heavy-Industries, had already re-established a good automotive department in their headquarters in 1953. Now it was wanting to introduce the Mitsubishi 500, a mass market sedan, to meet the new demand from consumers. It followed this in 1962 while using 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 to be a luxury car primarily to the Japanese market, and was used simply by senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (at this point renamed Mitsubishi Shipbuilding & Architectural) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) acquired also expanded their automotive departments inside 1950s, and the three ended up re-integrated as Mitsubishi Hefty Industries in 1964. Within three years it is output was over 80, 000 vehicles annually. Following the successful introduction of the first Galant in 1969 and similar growth with its commercial vehicle division, it was decided that the company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) had been formed on April twenty-two, 1970 as a entirely owned subsidiary of MHI beneath the leadership of Tomio Kubo, a successful engineer in the aircraft division. [citation needed].
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The actual logo of three reddish diamonds, shared with over forty others 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 on the emblem of the Tosa Clan who first employed him or her, and because his unique family crest was several rhombuses stacked atop 1 another. The name Mitsubishi is often a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japoneses to denote a diamond or rhombus).
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