Mitsubishi Motors Corporation is usually a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the actual sixth biggest Japanese automaker and also the sixteenth biggest worldwide through production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a the main Renault-Nissan Alliance.Besides being part on the Renault-Nissan Alliance, it is also part of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's community 20% stake in Mitsubishi Magnetic motors, and the company was originally formed in 1970 from the automotive division of Mitsubishi Large 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 rank trucks, buses and heavy development equipment, and is owned by simply Daimler AG.
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Mitsubishi's automotive origins date here we are at 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Type A, Japan's first series-production car or truck. An entirely hand-built seven-seater sedan good Fiat Tipo 3, it proved expensive in comparison with its American and Eu mass-produced rivals, and was discontinued throughout 1921 after only 22 ended up built.In 1934, Mitsubishi Shipbuilding was merged while using the Mitsubishi Aircraft Co., a company established in 1920 to manufacture aircraft engines and also other parts. The unified company was referred to as Mitsubishi Heavy Industries (MHI), and was the largest private company in The japanese. MHI concentrated on production aircraft, ships, railroad cars and machinery, but in 1937 developed the PX33, a prototype sedan with regard to military use. It was the first Japanese-built passenger car having full-time four-wheel drive, a technology the company would come back to almost fifty years later in its pursuit of motorsport and sales good results.
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Immediately following the end of your second World War, the company returned in order to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled cargo vehicle called the Mizushima along with a scooter called the Silver Pigeon were also produced. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered to be dismantled by the Allied power 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 commenced importing the Henry N, an inexpensive American four door built by Kaiser Power generators, in knockdown kit (CKD) kind in 1951, and continued to bring these to Japan for the remainder with the car's three-year production operate. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (at this point owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps throughout production until 1998, thirty years after Willys by themselves had replaced the design.
By the beginning of the 1960s Japan's financial system was gearing up; wages were rising and thinking about family motoring was taking off. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a automotive department in it is headquarters in 1953. Now it was wanting 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 Minica kei car and 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 being a luxury car primarily with the Japanese market, and was used by senior Mitsubishi executives as being a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Architectural) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) experienced also expanded their automotive departments from the 1950s, and the three had been re-integrated as Mitsubishi Heavy Industries in 1964. Within three years it's output was over 80, 000 vehicles annually. Following the successful introduction of 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 spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) had been formed on April 23, 1970 as a fully owned subsidiary of MHI under the leadership of Tomio Kubo, a successful engineer from the aircraft division. [citation needed].
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The logo of three reddish diamonds, shared with over forty others within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen simply by Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive with the emblem of the Tosa Clan who first employed him or her, and because his unique family crest was a few rhombuses stacked atop one another. The name Mitsubishi can be a compound of mitsu ("three") and also hishi (literally, "water chestnut", often used in Japanese to denote a precious stone or rhombus).
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