Mitsubishi Motors Corporation can be a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was this sixth biggest Japanese automaker and the sixteenth biggest worldwide through production. From October 2016 onwards, Mitsubishi is majority-owned simply by Nissan, and thus a part of the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also a component of Mitsubishi keiretsu, formerly the biggest commercial group in Japan, through the corporation's community 20% stake in Mitsubishi Generators, and the company had been originally formed in 1970 from the automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly an element of Mitsubishi Motors, but is now independent from Mitsubishi Motors, which builds commercial level trucks, buses and heavy development equipment, and is owned by simply Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Design A, Japan's first series-production vehicle. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive in comparison to its American and Western mass-produced rivals, and was discontinued inside 1921 after only 22 were being built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines along with other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the greatest private company in Asia. MHI concentrated on producing aircraft, ships, railroad cars and systems, but in 1937 produced 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 pursuit of motorsport and sales success.
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Immediately following the end of the second World War, the company returned to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled shipment vehicle called the Mizushima along with a scooter called the Metallic Pigeon were also formulated. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered to become dismantled by the Allied power 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 begun importing the Henry L, an inexpensive American car built by Kaiser Generators, in knockdown kit (CKD) form in 1951, and continued to bring those to Japan for the remainder in the car's three-year production manage. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (currently owned by Kaiser) with regard to CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps in production until 1998, thirty years after Willys them selves had replaced the design.
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By the beginning of the 1960s Japan's economic climate was gearing up; wages were rising and the thought of family motoring was taking off. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established a automotive department in its headquarters in 1953. Now it was prepared to introduce the Mitsubishi 500, a mass market car, to meet the new demand from consumers. It followed this in 1962 using the Minica kei car plus the Colt 1000, the first of its Colt type of family cars, in 1963. In 1964, Mitsubishi introduced its greatest passenger sedan, the Mitsubishi Debonair being a luxury car primarily with the Japanese market, and was used through senior Mitsubishi executives like a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Architectural) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments inside the 1950s, and the three ended up re-integrated as Mitsubishi Major Industries in 1964. Within three years their output was over 75, 000 vehicles annually. Following the successful introduction from the first Galant in 1969 and similar growth having its commercial vehicle division, it was decided how the company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) has been formed on April 23, 1970 as a totally 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 simply by Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive of the emblem of the Tosa Clan who first employed your pet, and because his own family crest was several rhombuses stacked atop 1 another. The name Mitsubishi is usually a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japoneses to denote a gemstone or rhombus).
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