Mitsubishi Motors Corporation is usually 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 by means of Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part with the Renault-Nissan Alliance, it is also an element of Mitsubishi keiretsu, formerly the biggest manufacturing group in Japan, through the corporation's minority 20% stake in Mitsubishi Magnetic motors, and the company seemed to be originally formed in 1970 from your automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly a component of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial rank trucks, buses and heavy construction equipment, and is owned by means of Daimler AG.
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Mitsubishi's automotive origins date back to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Type A, Japan's first series-production car. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive when compared with its American and American mass-produced rivals, and was discontinued within 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged with the Mitsubishi Aircraft Co., a company established throughout 1920 to manufacture aircraft engines as well as other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the major private company in Okazaki, japan. MHI concentrated on producing aircraft, ships, railroad cars and machinery, but in 1937 designed the PX33, a prototype sedan with regard to military use. It was the initial Japanese-built passenger car together with full-time four-wheel drive, a technology the company would get back to almost fifty years later in its quest for motorsport and sales achievements.
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Immediately following the end of the next World War, the company returned in order to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled packages vehicle called the Mizushima along with a scooter called the Gold Pigeon were also created. However, the zaibatsu (Japan's family-controlled commercial conglomerates) were ordered for being dismantled by the Allied powers 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 begun importing the Henry J, an inexpensive American sedan built by Kaiser Motors, in knockdown kit (CKD) kind in 1951, and continued to bring the crooks to Japan for the remainder on the car's three-year production operate. The same year, Central Japan Heavy-Industries concluded a comparable contract with Willys (right now 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 by themselves had replaced the design.
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By the beginning of the 1960s Japan's overall economy was gearing up; wages were rising and thinking about family motoring was removing. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a great automotive department in the headquarters in 1953. Now it was prepared to introduce the Mitsubishi 500, a mass market sedan, to meet the new demand from consumers. It followed this in 1962 with the Minica kei car plus the Colt 1000, the first of its Colt line of family cars, in 1963. In 1964, Mitsubishi introduced its most significant passenger sedan, the Mitsubishi Debonair like a luxury car primarily for that Japanese market, and was used by means of senior Mitsubishi executives as a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Executive) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments inside the 1950s, and the three ended up re-integrated as Mitsubishi Large Industries in 1964. Within three years it's output was over seventy-five, 000 vehicles annually. Following the successful introduction in the first Galant in 1969 and similar growth with its commercial vehicle division, it was decided the company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April twenty-two, 1970 as a fully owned subsidiary of MHI underneath the leadership of Tomio Kubo, a successful engineer through the aircraft division. [citation needed].
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Your logo of three crimson diamonds, shared with over forty other individuals within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen by means of Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive with the emblem of the Tosa Group who first employed your ex, and because his personal family crest was several rhombuses stacked atop 1 another. The name Mitsubishi is usually a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Japan to denote a stone or rhombus).
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