Mitsubishi Motors Corporation can be a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the actual sixth biggest Japanese automaker and the sixteenth biggest worldwide by simply production. From October 2016 onwards, Mitsubishi is majority-owned simply by Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part in the Renault-Nissan Alliance, it is also a component of Mitsubishi keiretsu, formerly the biggest commercial group in Japan, through the corporation's minority 20% stake in Mitsubishi Power generators, and the company has been originally formed in 1970 from the automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck along with Bus Corporation was formerly a component of Mitsubishi Motors, but is now different from Mitsubishi Motors, which builds commercial quality trucks, buses and heavy construction equipment, and is owned simply by Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Type A, Japan's first series-production auto. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive in comparison with its American and American mass-produced rivals, and was discontinued with 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged using the Mitsubishi Aircraft Co., a company established within 1920 to manufacture aircraft engines and other parts. The unified company was generally known as Mitsubishi Heavy Industries (MHI), and was the greatest private company in The japanese. MHI concentrated on creation aircraft, ships, railroad cars and machinery, but in 1937 formulated the PX33, a prototype sedan regarding military use. It was the primary Japanese-built passenger car using full-time four-wheel drive, a technology the company would resume almost fifty years later in its quest for motorsport and sales achievement.
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Immediately following the end of the next World War, the company returned to be able to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled packages vehicle called the Mizushima plus a scooter called the Silver precious metal Pigeon were also developed. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered for being dismantled by the Allied powers in 1950, and Mitsubishi Heavy Industries was split into three regional companies, each with an involvement in auto development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries started importing the Henry J, an inexpensive American 4 door built by Kaiser Motors, in knockdown kit (CKD) type in 1951, and continued to bring these to Japan for the remainder from the car's three-year production function. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (at this point owned by Kaiser) with regard to CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps throughout 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 financial system was gearing up; wages were rising and the concept of family motoring was removing. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established the automotive department in it's headquarters in 1953. Now it was ready to introduce the Mitsubishi 500, a mass market 4 door, to meet the new demand from consumers. It followed this in 1962 with all the Minica kei car plus the Colt 1000, the first of its Colt brand of family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair as a luxury car primarily with the Japanese market, and was used by means of senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (right now renamed Mitsubishi Shipbuilding & Design) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) experienced also expanded their automotive departments in the 1950s, and the three were being re-integrated as Mitsubishi Heavy Industries in 1964. Within three years their output was over 75, 000 vehicles annually. Following the successful introduction on the first Galant in 1969 and similar growth having its commercial vehicle division, it was decided that this company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) was formed on April 25, 1970 as a completely owned subsidiary of MHI beneath the leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
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The actual logo of three crimson diamonds, shared with over forty other programs within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen by simply Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive in the emblem of the Tosa Group who first employed him or her, and because his personal family crest was 3 rhombuses stacked atop 1 another. The name Mitsubishi is usually a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Western to denote a gemstone or rhombus).
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