Mitsubishi Motors Corporation is really a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was this sixth biggest Japanese automaker plus the sixteenth biggest worldwide through production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a part of 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 community 20% stake in Mitsubishi Power generators, and the company was originally formed in 1970 in the automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly an integral part of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial class 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 Corp., Ltd. introduced the Mitsubishi Product A, Japan's first series-production car. An entirely hand-built seven-seater sedan based on the Fiat Tipo 3, it proved expensive when compared to its American and Western mass-produced rivals, and was discontinued in 1921 after only 22 ended up built.In 1934, Mitsubishi Shipbuilding was merged with the Mitsubishi Aircraft Co., a company established within 1920 to manufacture aircraft engines and other parts. The unified company was called Mitsubishi Heavy Industries (MHI), and was the major private company in Okazaki, japan. MHI concentrated on making aircraft, ships, railroad cars and machines, but in 1937 developed the PX33, a prototype sedan pertaining to military use. It was the 1st Japanese-built passenger car having full-time four-wheel drive, a technology the company would resume almost fifty years later in its search for motorsport and sales achievement.
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Immediately following the end of the other World War, the company returned to be able to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled freight vehicle called the Mizushima and also a scooter called the Metallic Pigeon were also produced. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered to get dismantled by the Allied properties in 1950, and Mitsubishi Heavy Industries was split 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 N, an inexpensive American sedan built by Kaiser Power generators, in knockdown kit (CKD) variety in 1951, and continued to bring these to Japan for the remainder of the car's three-year production operate. The same year, Central Japan Heavy-Industries concluded a comparable contract with Willys (now owned by Kaiser) with regard to CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps with production until 1998, thirty years after Willys by themselves had replaced the design.
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By the beginning of the 1960s Japan's economy 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 a automotive department in their headquarters in 1953. Now it was prepared to introduce the Mitsubishi 500, a mass market 4 door, to meet the completely new demand from consumers. It followed this in 1962 with all the Minica kei car as well as the Colt 1000, the first of its Colt type of 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 through senior Mitsubishi executives to be a company car.West Japan Heavy-Industries (right now renamed Mitsubishi Shipbuilding & Executive) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) experienced also expanded their automotive departments in the 1950s, and the three ended up re-integrated as Mitsubishi Weighty Industries in 1964. Within three years it's output was over seventy-five, 000 vehicles annually. Following the successful introduction from the first Galant in 1969 and similar growth with its commercial vehicle division, it was decided that the company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) has been formed on April 25, 1970 as a completely owned subsidiary of MHI under the leadership of Tomio Kubo, a successful engineer in the aircraft division. [citation needed].
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The logo of three reddish diamonds, shared with over forty other companies within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen by simply Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive in the emblem of the Tosa Clan who first employed him, and because his unique family crest was three rhombuses stacked atop 1 another. The name Mitsubishi is a compound of mitsu ("three") and also hishi (literally, "water chestnut", often used in Japanese to denote a diamond or rhombus).
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