Mitsubishi Motors Corporation is a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the particular sixth biggest Japanese automaker and also the sixteenth biggest worldwide by production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a part of the Renault-Nissan Alliance.Besides being part with the Renault-Nissan Alliance, it is also a component of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's fraction 20% stake in Mitsubishi Generators, and the company had been originally formed in 1970 through the automotive division of Mitsubishi Heavy Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly a part of Mitsubishi Motors, but is now independent from Mitsubishi Motors, which builds commercial class trucks, buses and heavy design equipment, and is owned by Daimler AG.
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Mitsubishi's automotive origins date time for 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Product A, Japan's first series-production vehicle. An entirely hand-built seven-seater sedan good Fiat Tipo 3, it proved expensive in comparison with its American and European mass-produced rivals, and was discontinued throughout 1921 after only 22 have been 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 generally known as 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 formulated the PX33, a prototype sedan with regard to military use. It was the very first Japanese-built passenger car together with full-time four-wheel drive, a technology the company would return to almost fifty years later in its hunt for motorsport and sales good results.
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Rigtht after the end of the second World War, the company returned to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled products vehicle called the Mizushima and also a scooter called the Metallic Pigeon were also developed. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered being dismantled by the Allied properties in 1950, and Mitsubishi Heavy Industries was separated 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 started out importing the Henry L, an inexpensive American sedan built by Kaiser Magnetic motors, in knockdown kit (CKD) form in 1951, and continued to bring these to Japan for the remainder in the car's three-year production function. The same year, Central Japan Heavy-Industries concluded the same contract with Willys (today owned by Kaiser) with regard to CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps throughout production until 1998, thirty years after Willys on their own had replaced the style.
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By the beginning 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 Shin Mitsubishi Heavy-Industries, had already re-established a automotive department in its headquarters in 1953. Now it was able to introduce the Mitsubishi 500, a mass market car, to meet the completely new demand from consumers. It followed this in 1962 with the Minica kei car and also the Colt 1000, the first of its Colt distinct family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair like a luxury car primarily to the Japanese market, and was used by simply senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (today renamed Mitsubishi Shipbuilding & Anatomist) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) received also expanded their automotive departments inside 1950s, and the three have been re-integrated as Mitsubishi Hefty Industries in 1964. Within three years the output was over 75, 000 vehicles annually. Following the successful introduction in the first Galant in 1969 and similar growth which consists of 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) was formed on April twenty two, 1970 as a entirely owned subsidiary of MHI beneath the leadership of Tomio Kubo, a successful engineer in the aircraft division. [citation needed].
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Your 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 simply Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive with the emblem of the Tosa Family who first employed him or her, and because his unique family crest was 3 rhombuses stacked atop the other person. The name Mitsubishi can be a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Japanese to denote a precious stone or rhombus).
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