Mitsubishi Motors Corporation is often a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was your sixth biggest Japanese automaker and the sixteenth biggest worldwide simply by production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a section of the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also an element of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's fraction 20% stake in Mitsubishi Generators, and the company ended up being originally formed in 1970 in the automotive division of Mitsubishi Large Industries.Mitsubishi Fuso Truck along with Bus Corporation was formerly a component of Mitsubishi Motors, but is now different from Mitsubishi Motors, which builds commercial class trucks, buses and heavy construction equipment, and is owned by Daimler AG.
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Mitsubishi's automotive origins date to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Design A, Japan's first series-production vehicle. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive when compared to its American and European mass-produced rivals, and was discontinued with 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged with the Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines along with parts. The unified company was referred to as Mitsubishi Heavy Industries (MHI), and was the biggest private company in The japanese. MHI concentrated on creation aircraft, ships, railroad cars and devices, but in 1937 developed the PX33, a prototype sedan with regard to military use. It was the primary Japanese-built passenger car along with full-time four-wheel drive, a technology the company would go back to almost fifty years later in its pursuit of motorsport and sales accomplishment.
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Rigtht after 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 cargo vehicle called the Mizushima along with a scooter called the Silver precious metal Pigeon were also developed. However, the zaibatsu (Japan's family-controlled manufacturing conglomerates) were ordered being dismantled by the Allied forces in 1950, and Mitsubishi Heavy Industries was split into three regional companies, each with an involvement in automobile development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries begun importing the Henry L, an inexpensive American car built by Kaiser Engines, in knockdown kit (CKD) style in 1951, and continued to bring those to Japan for the remainder in the car's three-year production function. The same year, Central Japan Heavy-Industries concluded the same contract with Willys (right now owned by Kaiser) intended for CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps with production until 1998, thirty years after Willys on their own had replaced the product.
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By the start 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 Tibia Mitsubishi Heavy-Industries, had already re-established a great automotive department in it is headquarters in 1953. Now it was able to introduce the Mitsubishi 500, a mass market sedan, to meet the brand-new demand from consumers. It followed this in 1962 while using the Minica kei car and also the Colt 1000, the first of its Colt brand 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 to be a company car.West Japan Heavy-Industries (at this point renamed Mitsubishi Shipbuilding & Design) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) acquired also expanded their automotive departments inside 1950s, and the three had been re-integrated as Mitsubishi Major Industries in 1964. Within three years it is output was over seventy five, 000 vehicles annually. Following the successful introduction with the first Galant in 1969 and similar growth which consists of commercial vehicle division, it was decided that this company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) has been formed on April twenty two, 1970 as a totally owned subsidiary of MHI within the leadership of Tomio Kubo, a successful engineer through the aircraft division. [citation needed].
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This logo of three crimson diamonds, shared with over forty others within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen through Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive on the emblem of the Tosa Kin who first employed him or her, and because his unique family crest was 3 rhombuses stacked atop one another. The name Mitsubishi is a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japoneses to denote a gemstone or rhombus).
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