Mitsubishi Motors Corporation is a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was this sixth biggest Japanese automaker and also the sixteenth biggest worldwide by means of production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a the main Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest commercial group in Japan, through the corporation's group 20% stake in Mitsubishi Motors, and the company had been originally formed in 1970 from your automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly part of Mitsubishi Motors, but is now independent from Mitsubishi Motors, which builds commercial grade trucks, buses and heavy structure equipment, and is owned by simply Daimler AG.
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Mitsubishi's automotive origins date back to 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Model A, Japan's first series-production car. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive when compared with its American and Western 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 most significant private company in Japan. MHI concentrated on creation aircraft, ships, railroad cars and machinery, but in 1937 created the PX33, a prototype sedan pertaining to military use. It was the primary Japanese-built passenger car along 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 2nd World War, the company returned to be able to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled freight vehicle called the Mizushima along with a scooter called the Metallic Pigeon were also created. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered for being dismantled by the Allied forces in 1950, and Mitsubishi Heavy Industries was split up into three regional companies, each with an involvement in car 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 Engines, in knockdown kit (CKD) form in 1951, and continued to bring the crooks to Japan for the remainder with the car's three-year production operate. The same year, Central Japan Heavy-Industries concluded the same contract with Willys (today owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps inside production until 1998, thirty years after Willys on their own had replaced the design.
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By the start of the 1960s Japan's financial system was gearing up; wages were rising and the concept of family motoring was taking off. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established the automotive department in it is headquarters in 1953. Now it was prepared to introduce the Mitsubishi 500, a mass market 4 door, to meet the completely new demand from consumers. It followed this in 1962 with the Minica kei car plus the Colt 1000, the first of its Colt type of family cars, in 1963. In 1964, Mitsubishi introduced its major passenger sedan, the Mitsubishi Debonair as a luxury car primarily to the Japanese market, and was used through senior Mitsubishi executives like a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Anatomist) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments within the 1950s, and the three had been re-integrated as Mitsubishi Heavy Industries in 1964. Within three years its output was over 75, 000 vehicles annually. Following the successful introduction from the first Galant in 1969 and similar growth with its commercial vehicle division, it was decided which the company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) has been formed on April 22, 1970 as a entirely owned subsidiary of MHI underneath the leadership of Tomio Kubo, a successful engineer from the aircraft division. [citation needed].
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The actual logo of three reddish colored diamonds, shared with over forty others within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen through Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive on the emblem of the Tosa Tribe who first employed your pet, and because his individual family crest was several rhombuses stacked atop one another. The name Mitsubishi is often a compound of mitsu ("three") and also hishi (literally, "water chestnut", often used in Japan to denote a precious stone or rhombus).
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