Mitsubishi Motors Corporation is usually a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was your sixth biggest Japanese automaker plus the sixteenth biggest worldwide by means of production. From October 2016 onwards, Mitsubishi is majority-owned by simply Nissan, and thus a section of the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest industrial group in Japan, through the corporation's minority 20% stake in Mitsubishi Power generators, and the company seemed to be originally formed in 1970 on the automotive division of Mitsubishi Heavy Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly a component of Mitsubishi Motors, but is now individual 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 to 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Style A, Japan's first series-production automobile. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive in comparison with its American and Western mass-produced rivals, and was discontinued throughout 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established with 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 formulated the PX33, a prototype sedan intended for military use. It was the very first Japanese-built passenger car using full-time four-wheel drive, a technology the company would resume almost fifty years later in its pursuit of motorsport and sales achievement.
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Immediately following the end of the next World War, the company returned to be able to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled products vehicle called the Mizushima plus a scooter called the Silver precious metal Pigeon were also formulated. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered to become dismantled by the Allied capabilities 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 began importing the Henry T, an inexpensive American four door built by Kaiser Engines, in knockdown kit (CKD) variety in 1951, and continued to bring them to Japan for the remainder from 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) intended for CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps within production until 1998, thirty years after Willys on their own had replaced the type.
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By the beginning of the 1960s Japan's financial system was gearing up; wages were rising and the thought of family motoring was removing. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a automotive department in the headquarters in 1953. Now it was willing to introduce the Mitsubishi 500, a mass market sedan, to meet the fresh demand from consumers. It followed this in 1962 while using the Minica kei car and the Colt 1000, the first of its Colt line of family cars, in 1963. In 1964, Mitsubishi introduced its most significant passenger sedan, the Mitsubishi Debonair being a luxury car primarily for that Japanese market, and was used by senior Mitsubishi executives to be 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 ended up re-integrated as Mitsubishi Heavy Industries in 1964. Within three years its output was over seventy five, 000 vehicles annually. Following the successful introduction with the first Galant in 1969 and similar growth using its commercial vehicle division, it was decided the company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April 22, 1970 as a totally 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 reddish 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 of the emblem of the Tosa Group who first employed them, and because his unique family crest was several rhombuses stacked atop the other person. The name Mitsubishi is 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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