Mitsubishi Motors Corporation is really a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker and also the sixteenth biggest worldwide by simply production. From October 2016 onwards, Mitsubishi is majority-owned through Nissan, and thus a part of the Renault-Nissan Alliance.Besides being part with the Renault-Nissan Alliance, it is also part of Mitsubishi keiretsu, formerly the biggest manufacturing group in Japan, through the corporation's group 20% stake in Mitsubishi Magnetic motors, and the company has been originally formed in 1970 in the automotive division of Mitsubishi Large Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly part of Mitsubishi Motors, but is now independent from Mitsubishi Motors, which builds commercial rank trucks, buses and heavy design equipment, and is owned simply by Daimler AG.
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Mitsubishi's automotive origins date back to 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Style 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 Eu mass-produced rivals, and was discontinued within 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged while using the Mitsubishi Aircraft Co., a company established with 1920 to manufacture aircraft engines and other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the greatest private company in Asia. MHI concentrated on production aircraft, ships, railroad cars and systems, but in 1937 formulated the PX33, a prototype sedan for military use. It was the first Japanese-built passenger car having full-time four-wheel drive, a technology the company would get back to almost fifty years later in its quest for motorsport and sales achievement.
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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 freight vehicle called the Mizushima as well as a scooter called the Sterling silver Pigeon were also produced. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered to get dismantled by the Allied properties in 1950, and Mitsubishi Heavy Industries was separated into three regional companies, each with an involvement in car 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 sedan built by Kaiser Motors, in knockdown kit (CKD) style in 1951, and continued to bring the crooks to Japan for the remainder in the car's three-year production work. The same year, Central Japan Heavy-Industries concluded much the same contract with Willys (right now owned by Kaiser) intended for CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps with 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 the thinking behind family motoring was removing. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established a great automotive department in it's headquarters in 1953. Now it was able to introduce the Mitsubishi 500, a mass market four door, to meet the fresh demand from consumers. It followed this in 1962 with all the Minica kei car along with the Colt 1000, the first of its Colt brand of family cars, in 1963. In 1964, Mitsubishi introduced its most significant passenger sedan, the Mitsubishi Debonair to be a luxury car primarily for the Japanese market, and was used by means of senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (at this point renamed Mitsubishi Shipbuilding & Executive) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) experienced also expanded their automotive departments inside the 1950s, and the three were being re-integrated as Mitsubishi Large Industries in 1964. Within three years it is output was over seventy five, 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 focus on the automotive industry. Mitsubishi Motors Corporation (MMC) had been formed on April 23, 1970 as a entirely owned subsidiary of MHI under the leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
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The logo of three reddish colored diamonds, shared with over forty other programs within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen by Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive with the emblem of the Tosa Tribe who first employed them, and because his unique family crest was three rhombuses stacked atop 1 another. The name Mitsubishi is really a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japanese to denote a stone or rhombus).
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