Mitsubishi Motors Corporation is usually a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the particular sixth biggest Japanese automaker as well as the sixteenth biggest worldwide by production. From October 2016 onwards, Mitsubishi is majority-owned through Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also an integral part of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's community 20% stake in Mitsubishi Magnetic motors, and the company has been originally formed in 1970 in the automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck in addition to Bus Corporation was formerly a part of Mitsubishi Motors, but is now different from Mitsubishi Motors, which builds commercial class trucks, buses and heavy structure equipment, and is owned through Daimler AG.
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Mitsubishi's automotive origins date time for 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Type A, Japan's first series-production car or truck. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive when compared with its American and American mass-produced rivals, and was discontinued inside 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged using the Mitsubishi Aircraft Co., a company established in 1920 to manufacture aircraft engines along with parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the largest private company in Okazaki, japan. MHI concentrated on manufacturing aircraft, ships, railroad cars and systems, but in 1937 formulated the PX33, a prototype sedan for military use. It was the very first Japanese-built passenger car along with full-time four-wheel drive, a technology the company would resume almost fifty years later in its pursuit of motorsport and sales achievements.
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Rigtht after the end of the next World War, the company returned to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled cargo vehicle called the Mizushima and a scooter called the Metallic Pigeon were also created. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered to become dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was split 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 begun importing the Henry N, an inexpensive American sedan built by Kaiser Power generators, in knockdown kit (CKD) type in 1951, and continued to bring them to Japan for the remainder from the car's three-year production function. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (right now owned by Kaiser) regarding CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps within 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 economic climate 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 it's headquarters in 1953. Now it was prepared to introduce the Mitsubishi 500, a mass market sedan, to meet the brand new demand from consumers. It followed this in 1962 with all the Minica kei car as well as 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 the Japanese market, and was used by simply senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (right now renamed Mitsubishi Shipbuilding & Design) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments inside the 1950s, and the three have been re-integrated as Mitsubishi Major Industries in 1964. Within three years its output was over 70, 000 vehicles annually. Following the successful introduction on the first Galant in 1969 and similar growth with its commercial vehicle division, it was decided how the company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) was formed on April 22, 1970 as a fully owned subsidiary of MHI beneath the leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].
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This logo of three red diamonds, shared with over forty other companies 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 Family who first employed your ex, and because his individual family crest was about three rhombuses stacked atop the other person. The name Mitsubishi can be a compound of mitsu ("three") and also hishi (literally, "water chestnut", often used in Japoneses to denote a diamonds or rhombus).
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