Mitsubishi Motors Corporation is a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the particular sixth biggest Japanese automaker plus the sixteenth biggest worldwide by production. From October 2016 onwards, Mitsubishi is majority-owned by simply Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part with the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest industrial group in Japan, through the corporation's small section 20% stake in Mitsubishi Engines, and the company has been originally formed in 1970 from your automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly an element of Mitsubishi Motors, but is now independent from Mitsubishi Motors, which builds commercial quality trucks, buses and heavy building equipment, and is owned by simply 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 automobile. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive when compared with its American and Western mass-produced rivals, and was discontinued inside 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged with the Mitsubishi Aircraft Co., a company established throughout 1920 to manufacture aircraft engines and also other parts. The unified company was generally known as Mitsubishi Heavy Industries (MHI), and was the greatest private company in The japanese. MHI concentrated on manufacturing aircraft, ships, railroad cars and machinery, but in 1937 developed 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 come back to almost fifty years later in its quest for motorsport and sales success.
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Rigtht after the end of the other World War, the company returned to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled cargo vehicle called the Mizushima and also a scooter called the Silver precious metal Pigeon were also produced. However, the zaibatsu (Japan's family-controlled commercial conglomerates) were ordered being dismantled by the Allied powers in 1950, and Mitsubishi Heavy Industries was put 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 M, an inexpensive American sedan built by Kaiser Magnetic motors, in knockdown kit (CKD) form in 1951, and continued to bring those to Japan for the remainder with the car's three-year production run. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (now owned by Kaiser) regarding CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps throughout production until 1998, thirty years after Willys themselves had replaced the product.
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By the beginning of the 1960s Japan's financial system was gearing up; wages were rising and the idea of family motoring was removing. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a automotive department in the headquarters in 1953. Now it was prepared to introduce the Mitsubishi 500, a mass market car, to meet the brand new demand from consumers. It followed this in 1962 with all the Minica kei car plus the Colt 1000, the first of its Colt type of family cars, in 1963. In 1964, Mitsubishi introduced its biggest passenger sedan, the Mitsubishi Debonair to be a luxury car primarily for your Japanese market, and was used simply by senior Mitsubishi executives as a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Architectural) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments inside the 1950s, and the three have been re-integrated as Mitsubishi Hefty Industries in 1964. Within three years its output was over 80, 000 vehicles annually. Following the successful introduction in the first Galant in 1969 and similar growth using its commercial vehicle division, it was decided that the company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April 22, 1970 as a entirely owned subsidiary of MHI beneath the leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].
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The actual logo of three reddish diamonds, shared with over forty other companies within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen by simply Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive with the emblem of the Tosa Tribe who first employed your ex, and because his very own family crest was about three rhombuses stacked atop each other. The name Mitsubishi is often a compound of mitsu ("three") in addition to hishi (literally, "water chestnut", often used in Japoneses to denote a diamond or rhombus).
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