Mitsubishi Motors Corporation is a multinational automotive manufacturer based 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 through Nissan, and thus a section of the Renault-Nissan Alliance.Besides being part of the Renault-Nissan Alliance, it is also part of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's small section 20% stake in Mitsubishi Power generators, and the company seemed to be originally formed in 1970 through the automotive division of Mitsubishi Major Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly an integral part of Mitsubishi Motors, but is now independent from Mitsubishi Motors, which builds commercial level trucks, buses and heavy structure equipment, and is owned by Daimler AG.
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Mitsubishi's automotive origins date to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Product A, Japan's first series-production automobile. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive in comparison to its American and Western mass-produced rivals, and was discontinued with 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged while using the Mitsubishi Aircraft Co., a company established with 1920 to manufacture aircraft engines and also other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the biggest private company in Asia. MHI concentrated on creation aircraft, ships, railroad cars and devices, but in 1937 developed the PX33, a prototype sedan regarding military use. It was the initial Japanese-built passenger car together with full-time four-wheel drive, a technology the company would go back to almost fifty years later in its hunt for motorsport and sales achievement.
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Immediately following the end of the second World War, the company returned to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled packages vehicle called the Mizushima along with a scooter called the Metallic Pigeon were also developed. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered to become dismantled by the Allied capabilities in 1950, and Mitsubishi Heavy Industries was split into three regional companies, each with an involvement in motorized vehicle development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries started out importing the Henry N, an inexpensive American sedan built by Kaiser Power generators, in knockdown kit (CKD) type in 1951, and continued to bring those to Japan for the remainder on the car's three-year production manage. The same year, Central Japan Heavy-Industries concluded much the same contract with Willys (now owned by Kaiser) intended for CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps in production until 1998, thirty years after Willys on their own had replaced the model.
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By the beginning of the 1960s Japan's overall economy 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 good automotive department in it is headquarters in 1953. Now it was prepared to introduce the Mitsubishi 500, a mass market car, to meet the brand-new demand from consumers. It followed this in 1962 using the Minica kei car along with the Colt 1000, the first of its Colt type of family cars, in 1963. In 1964, Mitsubishi introduced its major passenger sedan, the Mitsubishi Debonair like a luxury car primarily to the Japanese market, and was used by senior Mitsubishi executives being 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 within the 1950s, and the three had been re-integrated as Mitsubishi Major Industries in 1964. Within three years their output was over seventy-five, 000 vehicles annually. Following the successful introduction on the first Galant in 1969 and similar growth using 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 completely owned subsidiary of MHI within the leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
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The actual logo of three red diamonds, shared with over forty others 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 of the emblem of the Tosa Tribe who first employed him, and because his very own family crest was about three rhombuses stacked atop each other. The name Mitsubishi is often a compound of mitsu ("three") in addition to hishi (literally, "water chestnut", often used in Western to denote a precious stone or rhombus).
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