Mitsubishi Motors Corporation is often a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the particular sixth biggest Japanese automaker plus the sixteenth biggest worldwide by means of production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a part of the Renault-Nissan Alliance.Besides being part with the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest commercial group in Japan, through the corporation's group 20% stake in Mitsubishi Motors, and the company was originally formed in 1970 from your automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly part of Mitsubishi Motors, but is now separate from Mitsubishi Motors, which builds commercial grade trucks, buses and heavy design equipment, and is owned by simply Daimler AG.
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Mitsubishi's automotive origins date to 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Type A, Japan's first series-production car. An entirely hand-built seven-seater sedan in line with 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 ended up built.In 1934, Mitsubishi Shipbuilding was merged using the Mitsubishi Aircraft Co., a company established with 1920 to manufacture aircraft engines and other parts. The unified company was often known as Mitsubishi Heavy Industries (MHI), and was the most significant private company in The japanese. MHI concentrated on making aircraft, ships, railroad cars and systems, but in 1937 created the PX33, a prototype sedan with regard to military use. It was the first Japanese-built passenger car using full-time four-wheel drive, a technology the company would return to almost fifty years later in its search for motorsport and sales achievements.
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Immediately following the end of your second World War, the company returned in order to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled freight vehicle called the Mizushima as well as a scooter called the Sterling silver Pigeon were also designed. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered to become dismantled by the Allied properties in 1950, and Mitsubishi Heavy Industries was put 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 J, an inexpensive American 4 door built by Kaiser Power generators, in knockdown kit (CKD) variety in 1951, and continued to bring those to Japan for the remainder of the car's three-year production function. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (currently owned by Kaiser) for CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps with production until 1998, thirty years after Willys independently had replaced the type.
By the beginning of the 1960s Japan's economy was gearing up; wages were rising and the concept of family motoring was removing. Central Japan Heavy-Industries, now known as Tibia Mitsubishi Heavy-Industries, had already re-established an automotive department in it is headquarters in 1953. Now it was able to introduce the Mitsubishi 500, a mass market car, to meet the completely new demand from consumers. It followed this in 1962 using the Minica kei car along with the Colt 1000, the first of its Colt distinct family cars, in 1963. In 1964, Mitsubishi introduced its major passenger sedan, the Mitsubishi Debonair as a luxury car primarily to the Japanese market, and was used by means of senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Executive) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments inside 1950s, and the three were re-integrated as Mitsubishi Large Industries in 1964. Within three years its output was over 80, 000 vehicles annually. Following the successful introduction with the first Galant in 1969 and similar growth having its commercial vehicle division, it was decided the company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) had been formed on April 23, 1970 as a completely owned subsidiary of MHI underneath the leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
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Your logo of three reddish diamonds, shared with over forty other programs within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen simply by Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive of the emblem of the Tosa Group who first employed him or her, and because his very own family crest was three rhombuses stacked atop one another. The name Mitsubishi is often a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japanese to denote a stone or rhombus).
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