Mitsubishi Motors Corporation is really a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the particular sixth biggest Japanese automaker as well as the sixteenth biggest worldwide by production. From October 2016 onwards, Mitsubishi is majority-owned through Nissan, and thus a perhaps the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's community 20% stake in Mitsubishi Motors, and the company was originally formed in 1970 through the automotive division of Mitsubishi Large Industries.Mitsubishi Fuso Truck along with Bus Corporation was formerly part of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial quality trucks, buses and heavy building equipment, and is owned by means of Daimler AG.
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Mitsubishi's automotive origins date time for 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Type A, Japan's first series-production automobile. An entirely hand-built seven-seater sedan good Fiat Tipo 3, it proved expensive when compared to its American and American mass-produced rivals, and was discontinued within 1921 after only 22 ended up 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 referred to as Mitsubishi Heavy Industries (MHI), and was the major private company in Okazaki, japan. MHI concentrated on manufacturing aircraft, ships, railroad cars and systems, but in 1937 developed the PX33, a prototype sedan intended for military use. It was the initial Japanese-built passenger car using full-time four-wheel drive, a technology the company would resume almost fifty years later in its hunt for motorsport and sales achievements.
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Rigtht after the end of the other World War, the company returned to be able to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled freight vehicle called the Mizushima plus a scooter called the Silver precious metal Pigeon were also produced. However, the zaibatsu (Japan's family-controlled commercial conglomerates) were ordered to become dismantled by the Allied properties in 1950, and Mitsubishi Heavy Industries was separated 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 started out importing the Henry L, an inexpensive American four door built by Kaiser Engines, in knockdown kit (CKD) kind in 1951, and continued to bring these phones Japan for the remainder with the car's three-year production operate. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (currently owned by Kaiser) intended for CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps in production until 1998, thirty years after Willys themselves had replaced the product.
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By the beginning of the 1960s Japan's economy was gearing up; wages were rising and the thought of family motoring was removing. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established an automotive department in it is headquarters in 1953. Now it was able to introduce the Mitsubishi 500, a mass market car, to meet the fresh demand from consumers. It followed this in 1962 with all the Minica kei car as well as the Colt 1000, the first of its Colt distinctive line of family cars, in 1963. In 1964, Mitsubishi introduced its most significant passenger sedan, the Mitsubishi Debonair as being a luxury car primarily with the Japanese market, and was used through senior Mitsubishi executives being a company car.West Japan Heavy-Industries (today renamed Mitsubishi Shipbuilding & Engineering) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) received also expanded their automotive departments within the 1950s, and the three were being re-integrated as Mitsubishi Large Industries in 1964. Within three years it's output was over seventy five, 000 vehicles annually. Following the successful introduction in the first Galant in 1969 and similar growth with 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) was formed on April twenty-two, 1970 as a completely owned subsidiary of MHI underneath the leadership of Tomio Kubo, a successful engineer in the aircraft division. [citation needed].
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The actual logo of three red diamonds, shared with over forty other individuals within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen by means of Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive on the emblem of the Tosa Kin who first employed him or her, and because his very own family crest was three rhombuses stacked atop the other person. The name Mitsubishi is often a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japoneses to denote a gemstone or rhombus).
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