Mitsubishi Motors Corporation is really a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was this sixth biggest Japanese automaker along with the sixteenth biggest worldwide simply by production. From October 2016 onwards, Mitsubishi is majority-owned simply by Nissan, and thus a part of the 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 Generators, and the company was originally formed in 1970 in the automotive division of Mitsubishi Heavy Industries.Mitsubishi Fuso Truck along with Bus Corporation was formerly a component of Mitsubishi Motors, but is now different from Mitsubishi Motors, which builds commercial quality trucks, buses and heavy design equipment, and is owned by simply Daimler AG.
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Mitsubishi's automotive origins date back to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Style A, Japan's first series-production car or truck. An entirely hand-built seven-seater sedan good Fiat Tipo 3, it proved expensive when compared with its American and American mass-produced rivals, and was discontinued with 1921 after only 22 were being built.In 1934, Mitsubishi Shipbuilding was merged using the Mitsubishi Aircraft Co., a company established within 1920 to manufacture aircraft engines along with 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 machinery, but in 1937 designed the PX33, a prototype sedan with regard to military use. It was the 1st Japanese-built passenger car having full-time four-wheel drive, a technology the company would resume almost fifty years later in its search for motorsport and sales accomplishment.
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Rigtht after the end of your second World War, the company returned in order to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled products vehicle called the Mizushima and a scooter called the Silver Pigeon were also formulated. However, the zaibatsu (Japan's family-controlled commercial conglomerates) were ordered for being dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was separated 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 started importing the Henry N, an inexpensive American sedan built by Kaiser Magnetic motors, in knockdown kit (CKD) kind in 1951, and continued to bring them to Japan for the remainder of the car's three-year production run. The same year, Central Japan Heavy-Industries concluded the same contract with Willys (right now owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps with production until 1998, thirty years after Willys by themselves 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 taking off. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a great automotive department in their headquarters in 1953. Now it was able to introduce the Mitsubishi 500, a mass market sedan, to meet the completely new demand from consumers. It followed this in 1962 with all the Minica kei car and 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 being a luxury car primarily for that Japanese market, and was used by means of senior Mitsubishi executives to be a company car.West Japan Heavy-Industries (today renamed Mitsubishi Shipbuilding & Design) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) received also expanded their automotive departments from the 1950s, and the three have been re-integrated as Mitsubishi Hefty Industries in 1964. Within three years its output was over 80, 000 vehicles annually. Following the successful introduction on 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) has been formed on April 23, 1970 as a totally owned subsidiary of MHI underneath the leadership of Tomio Kubo, a successful engineer through the aircraft division. [citation needed].
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This logo of three reddish diamonds, shared with over forty other companies within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen through Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive of the emblem of the Tosa Kin who first employed your pet, and because his unique family crest was three rhombuses stacked atop one another. The name Mitsubishi is often a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Western to denote a gemstone or rhombus).
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