Mitsubishi Motors Corporation can be a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the particular sixth biggest Japanese automaker and the sixteenth biggest worldwide by means of production. From October 2016 onwards, Mitsubishi is majority-owned by simply Nissan, and thus a perhaps the Renault-Nissan Alliance.Besides being part of the Renault-Nissan Alliance, it is also part of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's fraction 20% stake in Mitsubishi Power generators, and the company has been originally formed in 1970 from the automotive division of Mitsubishi Major Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly an integral part of Mitsubishi Motors, but is now separate from Mitsubishi Motors, which builds commercial rank trucks, buses and heavy construction equipment, and is owned by Daimler AG.
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Mitsubishi's automotive origins date time for 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Product A, Japan's first series-production auto. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive when compared to its American and Western european mass-produced rivals, and was discontinued with 1921 after only 22 had been built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established in 1920 to manufacture aircraft engines along with other parts. The unified company was referred to as Mitsubishi Heavy Industries (MHI), and was the biggest private company in Japan. MHI concentrated on manufacturing aircraft, ships, railroad cars and devices, but in 1937 created the PX33, a prototype sedan regarding military use. It was the 1st Japanese-built passenger car using full-time four-wheel drive, a technology the company would come back to almost fifty years later in its quest for motorsport and sales accomplishment.
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Rigtht after the end of the second World War, the company returned to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled freight vehicle called the Mizushima and also a scooter called the Gold Pigeon were also designed. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered to be dismantled by the Allied properties in 1950, and Mitsubishi Heavy Industries was put into three regional companies, each with an involvement in car development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries begun importing the Henry T, an inexpensive American four door built by Kaiser Motors, in knockdown kit (CKD) type in 1951, and continued to bring them to Japan for the remainder from the car's three-year production operate. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (at this point owned by Kaiser) intended for CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps inside 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 economy was gearing up; wages were rising and thinking about 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 its headquarters in 1953. Now it was ready to introduce the Mitsubishi 500, a mass market car, to meet the brand new demand from consumers. It followed this in 1962 while using the Minica kei car and also the Colt 1000, the first of its Colt distinct family cars, in 1963. In 1964, Mitsubishi introduced its greatest passenger sedan, the Mitsubishi Debonair as being a luxury car primarily for that Japanese market, and was used by simply senior Mitsubishi executives as a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Architectural) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments within the 1950s, and the three had been re-integrated as Mitsubishi Hefty Industries in 1964. Within three years it's output was over seventy-five, 000 vehicles annually. Following the successful introduction on the first Galant in 1969 and similar growth featuring a commercial vehicle division, it was decided which the company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April 22, 1970 as a totally owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer in the aircraft division. [citation needed].
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This logo of three red-colored diamonds, shared with over forty other companies within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen by Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive from the emblem of the Tosa Kin who first employed your ex, and because his personal family crest was several rhombuses stacked atop the other person. The name Mitsubishi can be a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japanese to denote a diamond or rhombus).
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