Mitsubishi Motors Corporation is usually a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker and the sixteenth biggest worldwide by simply production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a perhaps the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also an integral part of Mitsubishi keiretsu, formerly the biggest industrial group in Japan, through the corporation's group 20% stake in Mitsubishi Engines, and the company has been originally formed in 1970 on the automotive division of Mitsubishi Major Industries.Mitsubishi Fuso Truck in addition to Bus Corporation was formerly a component of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial class trucks, buses and heavy structure equipment, and is owned by simply Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Model A, Japan's first series-production auto. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive when compared with its American and American mass-produced rivals, and was discontinued with 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines and also other parts. The unified company was referred to as Mitsubishi Heavy Industries (MHI), and was the major private company in Asia. MHI concentrated on manufacturing aircraft, ships, railroad cars and equipment, but in 1937 produced the PX33, a prototype sedan intended for military use. It was the 1st Japanese-built passenger car together with full-time four-wheel drive, a technology the company would get back to almost fifty years later in its pursuit of motorsport and sales success.
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Rigtht after the end of your second World War, the company returned in order 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 for being dismantled by the Allied forces in 1950, and Mitsubishi Heavy Industries was split 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 started importing the Henry M, an inexpensive American car built by Kaiser Engines, in knockdown kit (CKD) variety in 1951, and continued to bring them to 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 (today owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps in production until 1998, thirty years after Willys on their own had replaced the style.
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By the beginning of the 1960s Japan's economy was gearing up; wages were rising and thinking about family motoring was removing. Central Japan Heavy-Industries, now known as Tibia 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 four door, to meet the brand new demand from consumers. It followed this in 1962 while using 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 greatest passenger sedan, the Mitsubishi Debonair being a luxury car primarily with the Japanese market, and was used by simply senior Mitsubishi executives like a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Executive) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments within the 1950s, and the three had been re-integrated as Mitsubishi Heavy Industries in 1964. Within three years it is output was over seventy five, 000 vehicles annually. Following the successful introduction with the first Galant in 1969 and similar growth with its commercial vehicle division, it was decided the company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) has been formed on April twenty two, 1970 as a entirely owned subsidiary of MHI within 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 other companies within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen by Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive of the emblem of the Tosa Clan who first employed him or her, and because his own family crest was three rhombuses stacked atop the other person. The name Mitsubishi is really a compound of mitsu ("three") as well as hishi (literally, "water chestnut", often used in Japan to denote a diamonds or rhombus).
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