Mitsubishi Motors Corporation can be a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the actual sixth biggest Japanese automaker plus the sixteenth biggest worldwide through production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a part of the Renault-Nissan Alliance.Besides being part with the Renault-Nissan Alliance, it is also a component of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's community 20% stake in Mitsubishi Magnetic motors, and the company seemed to be originally formed in 1970 from the automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly an element of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial grade trucks, buses and heavy building equipment, and is owned by Daimler AG.
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Mitsubishi's automotive origins date time for 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Model A, Japan's first series-production auto. An entirely hand-built seven-seater sedan based on the Fiat Tipo 3, it proved expensive when compared to its American and European mass-produced rivals, and was discontinued with 1921 after only 22 ended up built.In 1934, Mitsubishi Shipbuilding was merged with all the Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines as well as other parts. The unified company was generally known as Mitsubishi Heavy Industries (MHI), and was the largest private company in Japan. MHI concentrated on making aircraft, ships, railroad cars and devices, but in 1937 formulated the PX33, a prototype sedan intended for military use. It was the very first 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 pursuit of 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 resumed, while a small three-wheeled cargo 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 to get dismantled by the Allied properties in 1950, and Mitsubishi Heavy Industries was separated into three regional companies, each with an involvement in auto 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 four door built by Kaiser Magnetic motors, in knockdown kit (CKD) type in 1951, and continued to bring these to Japan for the remainder on the car's three-year production manage. The same year, Central Japan Heavy-Industries concluded the same contract with Willys (today owned by Kaiser) with regard to CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps inside production until 1998, thirty years after Willys themselves had replaced the design.
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By the start of the 1960s Japan's economic system was gearing up; wages were rising and the idea of family motoring was taking off. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established a automotive department in it's headquarters in 1953. Now it was prepared to introduce the Mitsubishi 500, a mass market car, to meet the fresh demand from consumers. It followed this in 1962 while using the Minica kei car plus the Colt 1000, the first of its Colt distinct family cars, in 1963. In 1964, Mitsubishi introduced its major passenger sedan, the Mitsubishi Debonair being a luxury car primarily for that Japanese market, and was used simply by senior Mitsubishi executives being a company car.West Japan Heavy-Industries (today renamed Mitsubishi Shipbuilding & Architectural) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments inside the 1950s, and the three were being re-integrated as Mitsubishi Large Industries in 1964. Within three years their output was over 75, 000 vehicles annually. Following the successful introduction in the first Galant in 1969 and similar growth featuring a commercial vehicle division, it was decided that this company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) seemed to be formed on April 23, 1970 as a wholly owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer in the aircraft division. [citation needed].
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This logo of three red diamonds, shared with over forty other programs within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen by Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive in the emblem of the Tosa Group who first employed him or her, and because his individual family crest was about three rhombuses stacked atop 1 another. The name Mitsubishi is usually a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japanese to denote a stone or rhombus).
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