Mitsubishi Motors Corporation is often a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the actual sixth biggest Japanese automaker along with the sixteenth biggest worldwide through production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a section of the Renault-Nissan Alliance.Besides being part of the Renault-Nissan Alliance, it is also part of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's group 20% stake in Mitsubishi Power generators, and the company had been originally formed in 1970 in the automotive division of Mitsubishi Large Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly a part of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial rank trucks, buses and heavy structure equipment, and is owned by means of Daimler AG.
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Mitsubishi's automotive origins date back to 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Product A, Japan's first series-production car. An entirely hand-built seven-seater sedan in line with the Fiat Tipo 3, it proved expensive compared to its American and American mass-produced rivals, and was discontinued inside 1921 after only 22 had been built.In 1934, Mitsubishi Shipbuilding was merged while using the 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 most significant private company in Okazaki, japan. MHI concentrated on making aircraft, ships, railroad cars and machines, but in 1937 created the PX33, a prototype sedan intended for military use. It was the very first 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 success.
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Rigtht after the end of the second World War, the company returned for you to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled shipment vehicle called the Mizushima plus a scooter called the Gold Pigeon were also developed. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered to become dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was split up into three regional companies, each with an involvement in motorized vehicle development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries started importing the Henry T, an inexpensive American 4 door built by Kaiser Motors, in knockdown kit (CKD) variety in 1951, and continued to bring the crooks to Japan for the remainder in the car's three-year production manage. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (at this point owned by Kaiser) pertaining to 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 style.
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By the start of the 1960s Japan's economic climate was gearing up; wages were rising and the thought of family motoring was removing. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established the automotive department in it's headquarters in 1953. Now it was wanting to introduce the Mitsubishi 500, a mass market car, to meet the fresh demand from consumers. It followed this in 1962 using the Minica kei car as well as the Colt 1000, the first of its Colt brand of family cars, in 1963. In 1964, Mitsubishi introduced its major passenger sedan, the Mitsubishi Debonair to be a luxury car primarily for the Japanese market, and was used by senior Mitsubishi executives to be a company car.West Japan Heavy-Industries (right now renamed Mitsubishi Shipbuilding & Engineering) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments inside the 1950s, and the three were re-integrated as Mitsubishi Large Industries in 1964. Within three years it is output was over seventy-five, 000 vehicles annually. Following the successful introduction on the first Galant in 1969 and similar growth featuring a commercial vehicle division, it was decided that 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 under the leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].
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This logo of three crimson diamonds, shared with over forty other companies within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen by means of Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive with the emblem of the Tosa Tribe who first employed him, and because his unique family crest was a few rhombuses stacked atop each other. The name Mitsubishi is a compound of mitsu ("three") and also hishi (literally, "water chestnut", often used in Japan to denote a gemstone or rhombus).
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