Mitsubishi Motors Corporation is usually a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was this sixth biggest Japanese automaker as well as the sixteenth biggest worldwide by simply production. From October 2016 onwards, Mitsubishi is majority-owned simply by Nissan, and thus a the main Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's community 20% stake in Mitsubishi Generators, and the company ended up being originally formed in 1970 from the automotive division of Mitsubishi Heavy Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly an element of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial class trucks, buses and heavy design equipment, and is owned by simply Daimler AG.
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Mitsubishi's automotive origins date back to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Product A, Japan's first series-production automobile. An entirely hand-built seven-seater sedan based on the Fiat Tipo 3, it proved expensive in comparison with its American and American mass-produced rivals, and was discontinued with 1921 after only 22 were being built.In 1934, Mitsubishi Shipbuilding was merged using the Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines along with other parts. The unified company was referred to as Mitsubishi Heavy Industries (MHI), and was the largest private company in Asia. MHI concentrated on production aircraft, ships, railroad cars and devices, but in 1937 formulated the PX33, a prototype sedan for military use. It was the 1st 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 achievement.
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Immediately following the end of the 2nd World War, the company returned to be able to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled shipment vehicle called the Mizushima as well as a scooter called the Sterling silver Pigeon were also designed. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered being dismantled by the Allied forces in 1950, and Mitsubishi Heavy Industries was separated 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 started out importing the Henry T, an inexpensive American 4 door built by Kaiser Engines, in knockdown kit (CKD) type in 1951, and continued to bring those to Japan for the remainder from the car's three-year production manage. The same year, Central Japan Heavy-Industries concluded much the same contract with Willys (currently owned by Kaiser) regarding CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps inside production until 1998, thirty years after Willys them selves had replaced the design.
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By the start of the 1960s Japan's economic system was gearing up; wages were rising and the thinking behind family motoring was removing. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established a automotive department in it's headquarters in 1953. Now it was wanting to introduce the Mitsubishi 500, a mass market car, to meet the fresh demand from consumers. It followed this in 1962 with all the Minica kei car along with the Colt 1000, the first of its Colt type of family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair as being a luxury car primarily for your Japanese market, and was used by simply senior Mitsubishi executives like a company car.West Japan Heavy-Industries (now 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 have been re-integrated as Mitsubishi Hefty Industries in 1964. Within three years its output was over 75, 000 vehicles annually. Following the successful introduction from the first Galant in 1969 and similar growth using its commercial vehicle division, it was decided which the company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April twenty two, 1970 as a entirely owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer in the aircraft division. [citation needed].
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The particular logo of three reddish diamonds, shared with over forty other individuals within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen by simply Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive of the emblem of the Tosa Tribe who first employed your pet, and because his own family crest was about three rhombuses stacked atop the other person. The name Mitsubishi is a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Japan to denote a diamond or rhombus).
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