Mitsubishi Motors Corporation is really a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was this sixth biggest Japanese automaker as well as the sixteenth biggest worldwide simply by production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a part of the Renault-Nissan Alliance.Besides being part in the Renault-Nissan Alliance, it is also an integral 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 was originally formed in 1970 from the automotive division of Mitsubishi Large Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly an element of Mitsubishi Motors, but is now different from Mitsubishi Motors, which builds commercial grade trucks, buses and heavy development equipment, and is owned through Daimler AG.
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Mitsubishi's automotive origins date back to 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Product A, Japan's first series-production vehicle. An entirely hand-built seven-seater sedan good Fiat Tipo 3, it proved expensive when compared to its American and European mass-produced rivals, and was discontinued throughout 1921 after only 22 had been built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established throughout 1920 to manufacture aircraft engines and also other parts. The unified company was generally known as Mitsubishi Heavy Industries (MHI), and was the greatest private company in Asia. MHI concentrated on production aircraft, ships, railroad cars and devices, but in 1937 developed the PX33, a prototype sedan regarding military use. It was the first Japanese-built passenger car using full-time four-wheel drive, a technology the company would get back to almost fifty years later in its hunt for motorsport and sales good results.
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Immediately following the end of the next World War, the company returned in order to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled freight vehicle called the Mizushima plus 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 auto 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 Engines, in knockdown kit (CKD) style in 1951, and continued to bring the crooks to Japan for the remainder on the car's three-year production operate. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (currently owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps inside 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 overall economy was gearing up; wages were rising and the thinking behind family motoring was removing. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established an automotive department in their headquarters in 1953. Now it was wanting to introduce the Mitsubishi 500, a mass market four 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 distinctive line of family cars, in 1963. In 1964, Mitsubishi introduced its major passenger sedan, the Mitsubishi Debonair like a luxury car primarily with the Japanese market, and was used through senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Anatomist) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) experienced also expanded their automotive departments within the 1950s, and the three were re-integrated as Mitsubishi Hefty Industries in 1964. Within three years its output was over 70, 000 vehicles annually. Following the successful introduction of the first Galant in 1969 and similar growth which consists of commercial vehicle division, it was decided that the 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 wholly owned subsidiary of MHI under the leadership of Tomio Kubo, a successful engineer through the aircraft division. [citation needed].
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This 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 with the emblem of the Tosa Tribe who first employed them, and because his individual family crest was several rhombuses stacked atop the other. The name Mitsubishi is really a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Japan to denote a precious stone or rhombus).
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