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 plus the sixteenth biggest worldwide by means of production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a part of the Renault-Nissan Alliance.Besides being part on the Renault-Nissan Alliance, it is also part of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's fraction 20% stake in Mitsubishi Power generators, and the company seemed to be originally formed in 1970 through the automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly part of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial level trucks, buses and heavy design equipment, and is owned by Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Model A, Japan's first series-production car or truck. An entirely hand-built seven-seater sedan good Fiat Tipo 3, it proved expensive compared to its American and Eu mass-produced rivals, and was discontinued inside 1921 after only 22 had been built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines as well as other parts. The unified company was often known as Mitsubishi Heavy Industries (MHI), and was the major private company in Japan. MHI concentrated on manufacturing aircraft, ships, railroad cars and machinery, but in 1937 developed the PX33, a prototype sedan regarding military use. It was the primary Japanese-built passenger car along with full-time four-wheel drive, a technology the company would get back to almost fifty years later in its search for motorsport and sales accomplishment.
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Immediately following the end of your second World War, the company returned in order to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled shipment vehicle called the Mizushima and also a scooter called the Silver precious metal Pigeon were also designed. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered to become dismantled by the Allied forces 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 L, an inexpensive American 4 door built by Kaiser Generators, in knockdown kit (CKD) variety in 1951, and continued to bring the crooks to Japan for the remainder of the car's three-year production work. The same year, Central Japan Heavy-Industries concluded the same contract with Willys (right now owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps inside production until 1998, thirty years after Willys independently had replaced the style.
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By the start of the 1960s Japan's financial system was gearing up; wages were rising and the idea of family motoring was removing. Central Japan Heavy-Industries, now known as Tibia Mitsubishi Heavy-Industries, had already re-established a automotive department in it's headquarters in 1953. Now it was willing to introduce the Mitsubishi 500, a mass market four door, to meet the brand-new demand from consumers. It followed this in 1962 with the Minica kei car along with the Colt 1000, the first of its Colt line of family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair being a luxury car primarily with the Japanese market, and was used by simply senior Mitsubishi executives being a company car.West Japan Heavy-Industries (right now renamed Mitsubishi Shipbuilding & Architectural) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments from the 1950s, and the three had been re-integrated as Mitsubishi Heavy Industries in 1964. Within three years the output was over 75, 000 vehicles annually. Following the successful introduction from the first Galant in 1969 and similar growth having 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) had been formed on April twenty-two, 1970 as a fully owned subsidiary of MHI beneath the leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
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This logo of three red-colored diamonds, shared with over forty other companies 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 from the emblem of the Tosa Kin who first employed your pet, and because his personal family crest was about three rhombuses stacked atop 1 another. The name Mitsubishi is usually a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japan to denote a diamonds or rhombus).
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