Mitsubishi Motors Corporation is really a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker as well as the sixteenth biggest worldwide by simply production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a section of the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also a component of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's group 20% stake in Mitsubishi Power generators, and the company seemed to be originally formed in 1970 from the automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly a part of Mitsubishi Motors, but is now separate from Mitsubishi Motors, which builds commercial grade trucks, buses and heavy construction equipment, and is owned through 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 car or truck. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive in comparison with its American and Western european mass-produced rivals, and was discontinued within 1921 after only 22 were being built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established throughout 1920 to manufacture aircraft engines and other parts. The unified company was generally known as Mitsubishi Heavy Industries (MHI), and was the biggest private company in Okazaki, japan. MHI concentrated on making aircraft, ships, railroad cars and equipment, but in 1937 created the PX33, a prototype sedan pertaining to military use. It was the 1st Japanese-built passenger car with full-time four-wheel drive, a technology the company would come back to almost fifty years later in its hunt for motorsport and sales achievements.
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Immediately following the end of the next World War, the company returned in order to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled shipment vehicle called the Mizushima plus a scooter called the Metallic Pigeon were also formulated. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered for being dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was split into three regional companies, each with an involvement in automobile development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries began importing the Henry J, an inexpensive American sedan built by Kaiser Power generators, in knockdown kit (CKD) form in 1951, and continued to bring those to Japan for the remainder of the car's three-year production run. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (today owned by Kaiser) for CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps within production until 1998, thirty years after Willys independently 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 idea of family motoring was taking off. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a automotive department in it is headquarters in 1953. Now it was prepared to introduce the Mitsubishi 500, a mass market 4 door, to meet the brand-new demand from consumers. It followed this in 1962 while using the Minica kei car along with the Colt 1000, the first of its Colt distinct family cars, in 1963. In 1964, Mitsubishi introduced its most significant passenger sedan, the Mitsubishi Debonair to be a luxury car primarily to the Japanese market, and was used by simply senior Mitsubishi executives like a company car.West Japan Heavy-Industries (at this point renamed Mitsubishi Shipbuilding & Executive) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments within the 1950s, and the three have been re-integrated as Mitsubishi Heavy Industries in 1964. Within three years their output was over seventy five, 000 vehicles annually. Following the successful introduction with the first Galant in 1969 and similar growth using its commercial vehicle division, it was decided which the company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) had been formed on April 25, 1970 as a completely owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer through the aircraft division. [citation needed].
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The 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 Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive of the emblem of the Tosa Clan who first employed him or her, and because his personal family crest was a few rhombuses stacked atop one another. The name Mitsubishi is a compound of mitsu ("three") and also hishi (literally, "water chestnut", often used in Japoneses to denote a gemstone or rhombus).
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