Mitsubishi Motors Corporation is usually 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 area of the Renault-Nissan Alliance.Besides being part of the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest commercial group in Japan, through the corporation's group 20% stake in Mitsubishi Magnetic motors, and the company seemed to be originally formed in 1970 through the automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck along with Bus Corporation was formerly part of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial grade trucks, buses and heavy design equipment, and is owned by means of Daimler AG.
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Mitsubishi's automotive origins date here we are at 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Design A, Japan's first series-production car. An entirely hand-built seven-seater sedan in line with the Fiat Tipo 3, it proved expensive in comparison with its American and Eu mass-produced rivals, and was discontinued with 1921 after only 22 ended up built.In 1934, Mitsubishi Shipbuilding was merged using the Mitsubishi Aircraft Co., a company established with 1920 to manufacture aircraft engines as well as other parts. The unified company was called Mitsubishi Heavy Industries (MHI), and was the most significant private company in Asia. MHI concentrated on production aircraft, ships, railroad cars and devices, but in 1937 created the PX33, a prototype sedan pertaining to military use. It was the first Japanese-built passenger car together with full-time four-wheel drive, a technology the company would come back to almost fifty years later in its quest for motorsport and sales accomplishment.
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Rigtht after the end of the next World War, the company returned to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled freight vehicle called the Mizushima and also a scooter called the Gold Pigeon were also developed. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered being dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was split 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 M, an inexpensive American four door built by Kaiser Generators, in knockdown kit (CKD) style in 1951, and continued to bring the crooks to Japan for the remainder in the car's three-year production operate. The same year, Central Japan Heavy-Industries concluded a comparable contract with Willys (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 independently had replaced the product.
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By the beginning of the 1960s Japan's overall economy was gearing up; wages were rising and the idea of family motoring was removing. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established an automotive department in the headquarters in 1953. Now it was willing to introduce the Mitsubishi 500, a mass market car, to meet the new demand from consumers. It followed this in 1962 with 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 most significant passenger sedan, the Mitsubishi Debonair as a luxury car primarily for that Japanese market, and was used simply by senior Mitsubishi executives being a company car.West Japan Heavy-Industries (today renamed Mitsubishi Shipbuilding & Architectural) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) received 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 80, 000 vehicles annually. Following the successful introduction on the first Galant in 1969 and similar growth using 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) has been formed on April 22, 1970 as a wholly owned subsidiary of MHI beneath the leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
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The 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 your pet, and because his own family crest was a few rhombuses stacked atop 1 another. The name Mitsubishi is really a compound of mitsu ("three") and also hishi (literally, "water chestnut", often used in Japan to denote a gemstone or rhombus).
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