Mitsubishi Motors Corporation is often a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the particular sixth biggest Japanese automaker plus the sixteenth biggest worldwide by production. From October 2016 onwards, Mitsubishi is majority-owned simply by Nissan, and thus a section of the Renault-Nissan Alliance.Besides being part of the Renault-Nissan Alliance, it is also a component of Mitsubishi keiretsu, formerly the biggest commercial group in Japan, through the corporation's community 20% stake in Mitsubishi Magnetic motors, and the company had been originally formed in 1970 from your automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly an integral part of Mitsubishi Motors, but is now independent from Mitsubishi Motors, which builds commercial level trucks, buses and heavy building equipment, and is owned through 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 Type 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 American mass-produced rivals, and was discontinued within 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged with all the Mitsubishi Aircraft Co., a company established with 1920 to manufacture aircraft engines and also other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the largest private company in Okazaki, japan. MHI concentrated on making aircraft, ships, railroad cars and machines, but in 1937 created the PX33, a prototype sedan for military use. It was the first Japanese-built passenger car together with full-time four-wheel drive, a technology the company would resume almost fifty years later in its hunt for motorsport and sales accomplishment.
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Immediately following the end of the other World War, the company returned in order to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled shipment vehicle called the Mizushima along with a scooter called the Silver Pigeon were also produced. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered to become dismantled by the Allied power 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 began importing the Henry L, an inexpensive American car built by Kaiser Power generators, in knockdown kit (CKD) kind in 1951, and continued to bring those to Japan for the remainder in the car's three-year production manage. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (right now owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps inside production until 1998, thirty years after Willys by themselves 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 the idea of family motoring was removing. Central Japan Heavy-Industries, now known as Leg Mitsubishi Heavy-Industries, had already re-established a great automotive department in its headquarters in 1953. Now it was ready to introduce the Mitsubishi 500, a mass market car, to meet the new demand from consumers. It followed this in 1962 with all the Minica kei car as well as the Colt 1000, the first of its Colt line of family cars, in 1963. In 1964, Mitsubishi introduced its greatest passenger sedan, the Mitsubishi Debonair to be a luxury car primarily with the Japanese market, and was used by simply senior Mitsubishi executives as a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Anatomist) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments from the 1950s, and the three were being re-integrated as Mitsubishi Hefty Industries in 1964. Within three years their output was over seventy-five, 000 vehicles annually. Following the successful introduction in the first Galant in 1969 and similar growth having its commercial vehicle division, it was decided how the company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April 25, 1970 as a wholly owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].
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This logo of three reddish diamonds, shared with over forty others within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen by simply Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive with the emblem of the Tosa Kin who first employed him, and because his personal family crest was three rhombuses stacked atop each other. The name Mitsubishi is often a compound of mitsu ("three") and hishi (literally, "water chestnut", often used in Japoneses to denote a diamond or rhombus).
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