Mitsubishi Motors Corporation can be a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was your sixth biggest Japanese automaker plus the sixteenth biggest worldwide by production. From October 2016 onwards, Mitsubishi is majority-owned simply by Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also part of Mitsubishi keiretsu, formerly the biggest industrial group in Japan, through the corporation's community 20% stake in Mitsubishi Magnetic motors, and the company was originally formed in 1970 on the automotive division of Mitsubishi Heavy Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly a part of Mitsubishi Motors, but is now different from Mitsubishi Motors, which builds commercial class trucks, buses and heavy building equipment, and is owned through 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 vehicle. An entirely hand-built seven-seater sedan good Fiat Tipo 3, it proved expensive compared to its American and Western european mass-produced rivals, and was discontinued in 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged using the Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines as well as other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the most significant private company in Okazaki, japan. MHI concentrated on creation aircraft, ships, railroad cars and equipment, but in 1937 designed the PX33, a prototype sedan intended for military use. It was the initial Japanese-built passenger car together 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 achievement.
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Immediately following the end of the other World War, the company returned in order to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled freight vehicle called the Mizushima and also a scooter called the Gold Pigeon were also created. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered to get dismantled by the Allied forces in 1950, and Mitsubishi Heavy Industries was split up 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 importing the Henry T, an inexpensive American sedan built by Kaiser Engines, in knockdown kit (CKD) form in 1951, and continued to bring these to Japan for the remainder with the car's three-year production work. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (right now owned by Kaiser) regarding CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps within production until 1998, thirty years after Willys by themselves had replaced the style.
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By the beginning of the 1960s Japan's economic climate was gearing up; wages were rising and the concept of family motoring was removing. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established the 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 while using Minica kei car as well as the Colt 1000, the first of its Colt distinct family cars, in 1963. In 1964, Mitsubishi introduced its greatest passenger sedan, the Mitsubishi Debonair like a luxury car primarily for that Japanese market, and was used by means of senior Mitsubishi executives like a company car.West Japan Heavy-Industries (at this point renamed Mitsubishi Shipbuilding & Anatomist) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments inside the 1950s, and the three ended up re-integrated as Mitsubishi Heavy Industries in 1964. Within three years their output was over seventy five, 000 vehicles annually. Following the successful introduction in the first Galant in 1969 and similar growth having its commercial vehicle division, it was decided that the company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) has been formed on April 22, 1970 as a wholly owned subsidiary of MHI underneath the leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
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The actual logo of three crimson diamonds, shared with over forty others within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen through Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive from the emblem of the Tosa Clan who first employed him or her, and because his own family crest was several rhombuses stacked atop 1 another. The name Mitsubishi can be a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Western to denote a stone or rhombus).
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