Mitsubishi Motors Corporation is usually a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was your sixth biggest Japanese automaker as well as the sixteenth biggest worldwide through production. From October 2016 onwards, Mitsubishi is majority-owned simply by Nissan, and thus a the main Renault-Nissan Alliance.Besides being part of the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest manufacturing group in Japan, through the corporation's minority 20% stake in Mitsubishi Engines, and the company ended up being originally formed in 1970 from your automotive division of Mitsubishi Major 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 class trucks, buses and heavy building equipment, and is owned through Daimler AG.
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Mitsubishi's automotive origins date time for 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Product A, Japan's first series-production auto. An entirely hand-built seven-seater sedan in line with the Fiat Tipo 3, it proved expensive in comparison to its American and Western mass-produced rivals, and was discontinued inside 1921 after only 22 ended up built.In 1934, Mitsubishi Shipbuilding was merged while using Mitsubishi Aircraft Co., a company established in 1920 to manufacture aircraft engines as well as other parts. The unified company was generally known as Mitsubishi Heavy Industries (MHI), and was the largest private company in Okazaki, japan. MHI concentrated on making aircraft, ships, railroad cars and devices, but in 1937 created the PX33, a prototype sedan with regard to military use. It was the very 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 good results.
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Rigtht after the end of the second World War, the company returned for you to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled shipment vehicle called the Mizushima plus a scooter called the Sterling silver Pigeon were also developed. However, the zaibatsu (Japan's family-controlled commercial conglomerates) were ordered for being dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was split up 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 M, an inexpensive American four door built by Kaiser Motors, in knockdown kit (CKD) form in 1951, and continued to bring these phones Japan for the remainder from the car's three-year production operate. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (now owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps throughout production until 1998, thirty years after Willys by themselves had replaced the product.
By the beginning of the 1960s Japan's financial system was gearing up; wages were rising and the thinking behind family motoring was removing. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a good automotive department in its headquarters in 1953. Now it was ready 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 the Colt 1000, the first of its Colt type of family cars, in 1963. In 1964, Mitsubishi introduced its biggest passenger sedan, the Mitsubishi Debonair as a luxury car primarily to the Japanese market, and was used by senior Mitsubishi executives to be a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Engineering) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments inside the 1950s, and the three were being re-integrated as Mitsubishi Weighty Industries in 1964. Within three years their output was over 75, 000 vehicles annually. Following the successful introduction with the first Galant in 1969 and similar growth featuring a commercial vehicle division, it was decided how the company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) seemed to be formed on April 23, 1970 as a completely owned subsidiary of MHI under the leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].
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This logo of three crimson diamonds, shared with over forty other companies within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen by means of Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive in the emblem of the Tosa Kin who first employed your pet, and because his individual family crest was several rhombuses stacked atop each other. The name Mitsubishi can be a compound of mitsu ("three") as well as hishi (literally, "water chestnut", often used in Japan to denote a precious stone or rhombus).
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