Mitsubishi Motors Corporation can be a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was this sixth biggest Japanese automaker along with the sixteenth biggest worldwide by production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a perhaps the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also an integral part of Mitsubishi keiretsu, formerly the biggest industrial group in Japan, through the corporation's small section 20% stake in Mitsubishi Power generators, and the company was originally formed in 1970 through the automotive division of Mitsubishi Heavy Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly an element of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial rank trucks, buses and heavy structure equipment, and is owned by means of Daimler AG.
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Mitsubishi's automotive origins date here we are at 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Type A, Japan's first series-production car or truck. 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 throughout 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged with all the Mitsubishi Aircraft Co., a company established within 1920 to manufacture aircraft engines along with other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the major private company in Asia. MHI concentrated on creation aircraft, ships, railroad cars and machinery, but in 1937 created the PX33, a prototype sedan for military use. It was the primary Japanese-built passenger car with full-time four-wheel drive, a technology the company would get back to almost fifty years later in its search for motorsport and sales good results.
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Rigtht after the end of your second World War, the company returned in order to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled products vehicle called the Mizushima and also a scooter called the Metallic Pigeon were also developed. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered for being dismantled by the Allied capabilities in 1950, and Mitsubishi Heavy Industries was split up 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 started importing the Henry N, an inexpensive American four door built by Kaiser Motors, in knockdown kit (CKD) variety in 1951, and continued to bring those to Japan for the remainder with the car's three-year production function. The same year, Central Japan Heavy-Industries concluded a comparable contract with Willys (today owned by Kaiser) intended for 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 thinking about family motoring was taking off. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established an automotive department in the headquarters in 1953. Now it was prepared to introduce the Mitsubishi 500, a mass market 4 door, to meet the fresh demand from consumers. It followed this in 1962 while 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 greatest passenger sedan, the Mitsubishi Debonair as being a luxury car primarily to the Japanese market, and was used through senior Mitsubishi executives like a company car.West Japan Heavy-Industries (right now renamed Mitsubishi Shipbuilding & Executive) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) received also expanded their automotive departments inside the 1950s, and the three had been re-integrated as Mitsubishi Large 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) has been formed on April 22, 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 red diamonds, shared with over forty other individuals 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 of the emblem of the Tosa Tribe who first employed them, and because his very own 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 Japoneses to denote a precious stone or rhombus).
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