Mitsubishi Motors Corporation is often a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was your sixth biggest Japanese automaker plus the sixteenth biggest worldwide by means of 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 professional group in Japan, through the corporation's community 20% stake in Mitsubishi Motors, and the company was originally formed in 1970 in the automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly part of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial quality trucks, buses and heavy construction equipment, and is owned through Daimler AG.
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Mitsubishi's automotive origins date time for 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Model A, Japan's first series-production car or truck. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive when compared to its American and American mass-produced rivals, and was discontinued within 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established within 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 Japan. MHI concentrated on producing aircraft, ships, railroad cars and machinery, but in 1937 designed the PX33, a prototype sedan pertaining to military use. It was the initial Japanese-built passenger car together with full-time four-wheel drive, a technology the company would return to almost fifty years later in its pursuit of motorsport and sales success.
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Rigtht after the end of the next World War, the company returned to help manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled cargo vehicle called the Mizushima as well as a scooter called the Metallic Pigeon were also created. However, the zaibatsu (Japan's family-controlled commercial conglomerates) were ordered to get dismantled by the Allied forces in 1950, and Mitsubishi Heavy Industries was separated 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 began importing the Henry T, an inexpensive American car built by Kaiser Power generators, in knockdown kit (CKD) style in 1951, and continued to bring them to Japan for the remainder from the car's three-year production function. The same year, Central Japan Heavy-Industries concluded the same contract with Willys (right now owned by Kaiser) with regard to CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps in production until 1998, thirty years after Willys themselves had replaced the design.
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By the start of the 1960s Japan's economic climate was gearing up; wages were rising and the concept of family motoring was removing. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established a great automotive department in their headquarters in 1953. Now it was ready to introduce the Mitsubishi 500, a mass market car, to meet the brand new demand from consumers. It followed this in 1962 while using Minica kei car along with the Colt 1000, the first of its Colt distinct family cars, in 1963. In 1964, Mitsubishi introduced its biggest passenger sedan, the Mitsubishi Debonair being a luxury car primarily for that Japanese market, and was used simply by senior Mitsubishi executives as a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Engineering) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) acquired also expanded their automotive departments from the 1950s, and the three have been re-integrated as Mitsubishi Large Industries in 1964. Within three years their output was over 75, 000 vehicles annually. Following the successful introduction in the first Galant in 1969 and similar growth featuring a commercial vehicle division, it was decided how the 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 within the leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
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This logo of three red-colored diamonds, shared with over forty other individuals 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 on the emblem of the Tosa Clan who first employed your pet, and because his unique family crest was three rhombuses stacked atop one another. The name Mitsubishi is usually a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Western to denote a gemstone or rhombus).
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