Mitsubishi Motors Corporation is a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was your sixth biggest Japanese automaker and the sixteenth biggest worldwide through production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a section of the Renault-Nissan Alliance.Besides being part in the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's small section 20% stake in Mitsubishi Power generators, and the company ended up being originally formed in 1970 through the automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly an integral part of Mitsubishi Motors, but is now different from Mitsubishi Motors, which builds commercial class trucks, buses and heavy structure equipment, and is owned by Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Style A, Japan's first series-production vehicle. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive when compared with its American and Western european mass-produced rivals, and was discontinued within 1921 after only 22 were being built.In 1934, Mitsubishi Shipbuilding was merged while using the Mitsubishi Aircraft Co., a company established throughout 1920 to manufacture aircraft engines along with parts. The unified company was referred to as Mitsubishi Heavy Industries (MHI), and was the greatest private company in Okazaki, japan. MHI concentrated on producing aircraft, ships, railroad cars and devices, but in 1937 formulated the PX33, a prototype sedan intended for military use. It was the very first Japanese-built passenger car using full-time four-wheel drive, a technology the company would go back to almost fifty years later in its quest for motorsport and sales achievement.
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Rigtht after the end of the 2nd World War, the company returned to help manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled products vehicle called the Mizushima plus a scooter called the Silver precious metal Pigeon were also designed. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered being dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was separated 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 commenced importing the Henry L, an inexpensive American four door built by Kaiser Engines, in knockdown kit (CKD) kind in 1951, and continued to bring them to Japan for the remainder on the car's three-year production operate. The same year, Central Japan Heavy-Industries concluded much the same contract with Willys (today owned by Kaiser) intended for CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps with production until 1998, thirty years after Willys on their own had replaced the type.
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By the start of the 1960s Japan's financial system was gearing up; wages were rising and the concept of family motoring was taking off. Central Japan Heavy-Industries, now known as Tibia Mitsubishi Heavy-Industries, had already re-established a great automotive department in it is headquarters in 1953. Now it was ready to introduce the Mitsubishi 500, a mass market sedan, to meet the completely new demand from consumers. It followed this in 1962 with the Minica kei car plus the Colt 1000, the first of its Colt brand of family cars, in 1963. In 1964, Mitsubishi introduced its major passenger sedan, the Mitsubishi Debonair to be a luxury car primarily for that Japanese market, and was used simply by senior Mitsubishi executives to be a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Architectural) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments from the 1950s, and the three ended up re-integrated as Mitsubishi Heavy Industries in 1964. Within three years its output was over 80, 000 vehicles annually. Following the successful introduction with the first Galant in 1969 and similar growth which consists of commercial vehicle division, it was decided that the company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) was formed on April 22, 1970 as a fully owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer from the aircraft division. [citation needed].
The logo of three reddish colored diamonds, shared with over forty other programs within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen through Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive in the emblem of the Tosa Group who first employed your pet, and because his personal family crest was a few rhombuses stacked atop one another. The name Mitsubishi can be a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japanese people to denote a precious stone or rhombus).
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