Mitsubishi Motors Corporation is often a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was your 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 the main Renault-Nissan Alliance.Besides being part in the Renault-Nissan Alliance, it is also an element of Mitsubishi keiretsu, formerly the biggest industrial group in Japan, through the corporation's fraction 20% stake in Mitsubishi Engines, and the company ended up being originally formed in 1970 in the automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly a component of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial grade trucks, buses and heavy construction equipment, and is owned by simply Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Product A, Japan's first series-production car or truck. An entirely hand-built seven-seater sedan in line with the Fiat Tipo 3, it proved expensive in comparison to its American and Western european mass-produced rivals, and was discontinued in 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged using the Mitsubishi Aircraft Co., a company established within 1920 to manufacture aircraft engines along with other parts. The unified company was called Mitsubishi Heavy Industries (MHI), and was the greatest private company in Japan. MHI concentrated on producing aircraft, ships, railroad cars and machinery, but in 1937 created the PX33, a prototype sedan with regard to military use. It was the initial Japanese-built passenger car using full-time four-wheel drive, a technology the company would return to almost fifty years later in its hunt for motorsport and sales success.
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Immediately following the end of the 2nd World War, the company returned to be able to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled packages vehicle called the Mizushima as well as a scooter called the Metallic Pigeon were also produced. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered to get dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was split up into three regional companies, each with an involvement in motor vehicle development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries commenced importing the Henry M, an inexpensive American sedan built by Kaiser Motors, in knockdown kit (CKD) type in 1951, and continued to bring these phones Japan for the remainder with the car's three-year production function. The same year, Central Japan Heavy-Industries concluded much the same contract with Willys (today owned by Kaiser) for CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps within production until 1998, thirty years after Willys themselves had replaced the style.
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By the start of the 1960s Japan's economy 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 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 the Minica kei car and the Colt 1000, the first of its Colt line of family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair like a luxury car primarily with the Japanese market, and was used simply by senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Anatomist) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) received also expanded their automotive departments inside the 1950s, and the three were being re-integrated as Mitsubishi Heavy Industries in 1964. Within three years their output was over 70, 000 vehicles annually. Following the successful introduction of the first Galant in 1969 and similar growth using its commercial vehicle division, it was decided that this company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) seemed to be formed on April twenty two, 1970 as a entirely owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer through the aircraft division. [citation needed].
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The actual logo of three red diamonds, shared with over forty others within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen by means of Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive of the emblem of the Tosa Tribe who first employed him or her, and because his own family crest was three rhombuses stacked atop the other person. The name Mitsubishi is often a compound of mitsu ("three") in addition to hishi (literally, "water chestnut", often used in Japan to denote a gemstone or rhombus).
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