Mitsubishi Motors Corporation is usually a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker along with the sixteenth biggest worldwide simply by production. From October 2016 onwards, Mitsubishi is majority-owned through Nissan, and thus a section of the Renault-Nissan Alliance.Besides being part on the Renault-Nissan Alliance, it is also an integral part of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's group 20% stake in Mitsubishi Generators, and the company seemed to be originally formed in 1970 on the automotive division of Mitsubishi Major Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly part of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial rank trucks, buses and heavy structure equipment, and is owned simply by Daimler AG.
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Mitsubishi's automotive origins date time for 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Design A, Japan's first series-production car. An entirely hand-built seven-seater sedan in line with the Fiat Tipo 3, it proved expensive when compared with its American and Western european mass-produced rivals, and was discontinued inside 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines as well as other parts. The unified company was called Mitsubishi Heavy Industries (MHI), and was the greatest private company in The japanese. MHI concentrated on manufacturing aircraft, ships, railroad cars and systems, but in 1937 created the PX33, a prototype sedan for military use. It was the very first Japanese-built passenger car using full-time four-wheel drive, a technology the company would get back to almost fifty years later in its search for motorsport and sales achievements.
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Rigtht after the end of your second World War, the company returned for you to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled packages vehicle called the Mizushima and also a scooter called the Gold Pigeon were also created. However, the zaibatsu (Japan's family-controlled commercial conglomerates) were ordered to get dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was split up 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 commenced importing the Henry J, an inexpensive American sedan built by Kaiser Generators, in knockdown kit (CKD) form in 1951, and continued to bring these phones Japan for the remainder from the car's three-year production run. The same year, Central Japan Heavy-Industries concluded much the same contract with Willys (today owned by Kaiser) for CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps within production until 1998, thirty years after Willys themselves had replaced the style.
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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 taking off. Central Japan Heavy-Industries, now known as Tibia Mitsubishi Heavy-Industries, had already re-established a great automotive department in their headquarters in 1953. Now it was able 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 and also the Colt 1000, the first of its Colt line of family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair like a luxury car primarily with the Japanese market, and was used by simply senior Mitsubishi executives being a company car.West Japan Heavy-Industries (right now renamed Mitsubishi Shipbuilding & Design) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) experienced also expanded their automotive departments inside the 1950s, and the three were re-integrated as Mitsubishi Major Industries in 1964. Within three years it's output was over seventy five, 000 vehicles annually. Following the successful introduction of 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 spotlight 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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The actual logo of three red-colored diamonds, shared with over forty other companies 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 in the emblem of the Tosa Clan who first employed them, and because his very own family crest was three rhombuses stacked atop the other. The name Mitsubishi is often a compound of mitsu ("three") as well as hishi (literally, "water chestnut", often used in Western to denote a gemstone or rhombus).
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