Mitsubishi Motors Corporation can be a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the particular sixth biggest Japanese automaker along with the sixteenth biggest worldwide by simply production. From October 2016 onwards, Mitsubishi is majority-owned by simply Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part with the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's minority 20% stake in Mitsubishi Generators, and the company seemed to be originally formed in 1970 on the automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck along with Bus Corporation was formerly a part of Mitsubishi Motors, but is now separate from Mitsubishi Motors, which builds commercial quality trucks, buses and heavy building equipment, and is owned simply by Daimler AG.
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Mitsubishi's automotive origins date time for 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Style A, Japan's first series-production auto. An entirely hand-built seven-seater sedan based on the Fiat Tipo 3, it proved expensive when compared with its American and American mass-produced rivals, and was discontinued inside 1921 after only 22 ended up built.In 1934, Mitsubishi Shipbuilding was merged while using the Mitsubishi Aircraft Co., a company established with 1920 to manufacture aircraft engines as well as other parts. The unified company was often known as Mitsubishi Heavy Industries (MHI), and was the greatest private company in Asia. MHI concentrated on producing aircraft, ships, railroad cars and systems, but in 1937 developed the PX33, a prototype sedan regarding military use. It was the very first Japanese-built passenger car having full-time four-wheel drive, a technology the company would resume almost fifty years later in its hunt for motorsport and sales achievements.
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Rigtht after the end of the other World War, the company returned to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled packages vehicle called the Mizushima plus a scooter called the Metallic Pigeon were also produced. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered to become dismantled by the Allied powers in 1950, and Mitsubishi Heavy Industries was put into three regional companies, each with an involvement in motorized vehicle 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 4 door built by Kaiser Power generators, in knockdown kit (CKD) style in 1951, and continued to bring those to Japan for the remainder on the car's three-year production run. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (right now owned by Kaiser) intended for CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps throughout production until 1998, thirty years after Willys them selves had replaced the type.
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By the start of the 1960s Japan's economy was gearing up; wages were rising and the thinking behind family motoring was taking off. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a great automotive department in the headquarters in 1953. Now it was ready to introduce the Mitsubishi 500, a mass market sedan, 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 distinctive line of family cars, in 1963. In 1964, Mitsubishi introduced its greatest passenger sedan, the Mitsubishi Debonair being a luxury car primarily to the Japanese market, and was used by senior Mitsubishi executives as a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Engineering) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) received also expanded their automotive departments inside the 1950s, and the three ended up re-integrated as Mitsubishi Hefty Industries in 1964. Within three years it is output was over 75, 000 vehicles annually. Following the successful introduction of the first Galant in 1969 and similar growth featuring a commercial vehicle division, it was decided that the company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) was formed on April 25, 1970 as a wholly owned subsidiary of MHI under the leadership of Tomio Kubo, a successful engineer from the aircraft division. [citation needed].
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The actual logo of three red diamonds, shared with over forty other programs within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen by simply Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive with the emblem of the Tosa Family who first employed him, and because his own family crest was a few rhombuses stacked atop one another. The name Mitsubishi is often a compound of mitsu ("three") and also hishi (literally, "water chestnut", often used in Japanese people to denote a diamonds or rhombus).
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