Mitsubishi Motors Corporation can be a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker as well as 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 with the Renault-Nissan Alliance, it is also an element of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's minority 20% stake in Mitsubishi Generators, and the company seemed to be originally formed in 1970 from your automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck along with Bus Corporation was formerly part of Mitsubishi Motors, but is now different from Mitsubishi Motors, which builds commercial level trucks, buses and heavy building equipment, and is owned by Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Type A, Japan's first series-production auto. An entirely hand-built seven-seater sedan good Fiat Tipo 3, it proved expensive compared to its American and European mass-produced rivals, and was discontinued throughout 1921 after only 22 were being built.In 1934, Mitsubishi Shipbuilding was merged with all the Mitsubishi Aircraft Co., a company established throughout 1920 to manufacture aircraft engines along with other parts. The unified company was referred to as Mitsubishi Heavy Industries (MHI), and was the most significant private company in Japan. MHI concentrated on production aircraft, ships, railroad cars and devices, but in 1937 created the PX33, a prototype sedan pertaining to military use. It was the very first Japanese-built passenger car having full-time four-wheel drive, a technology the company would go back to almost fifty years later in its hunt for motorsport and sales good results.
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Immediately following the end of the 2nd World War, the company returned to help manufacturing vehicles. Fuso bus production started again, while a small three-wheeled cargo vehicle called the Mizushima and a scooter called the Metallic Pigeon were also produced. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered to become dismantled by the Allied properties in 1950, and Mitsubishi Heavy Industries was put 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 4 door built by Kaiser Engines, in knockdown kit (CKD) variety in 1951, and continued to bring these phones Japan for the remainder with the car's three-year production work. 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 by themselves had replaced the design.
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By the beginning 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 Tibia Mitsubishi Heavy-Industries, had already re-established a good automotive department in the headquarters in 1953. Now it was wanting to introduce the Mitsubishi 500, a mass market sedan, to meet the brand-new demand from consumers. It followed this in 1962 using the Minica kei car along with the Colt 1000, the first of its Colt brand of family cars, in 1963. In 1964, Mitsubishi introduced its biggest passenger sedan, the Mitsubishi Debonair as a luxury car primarily for your Japanese market, and was used by senior Mitsubishi executives to be a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Architectural) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) experienced also expanded their automotive departments within the 1950s, and the three ended up re-integrated as Mitsubishi Major Industries in 1964. Within three years it is output was over 70, 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 pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April 23, 1970 as a fully owned subsidiary of MHI beneath the leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].
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The particular logo of three red 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, and because his very own family crest was a few rhombuses stacked atop one another. The name Mitsubishi can be a compound of mitsu ("three") in addition to hishi (literally, "water chestnut", often used in Japoneses to denote a stone or rhombus).
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