Mitsubishi Motors Corporation is a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was your sixth biggest Japanese automaker along with the sixteenth biggest worldwide by production. From October 2016 onwards, Mitsubishi is majority-owned simply by Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also a component of Mitsubishi keiretsu, formerly the biggest manufacturing group in Japan, through the corporation's minority 20% stake in Mitsubishi Motors, and the company had been originally formed in 1970 in the automotive division of Mitsubishi Large Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly a component of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial level trucks, buses and heavy development equipment, and is owned simply by Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Type A, Japan's first series-production auto. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive in comparison to its American and American mass-produced rivals, and was discontinued within 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged with all the Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines along with other parts. The unified company was generally known as Mitsubishi Heavy Industries (MHI), and was the greatest private company in Japan. MHI concentrated on manufacturing aircraft, ships, railroad cars and systems, but in 1937 created the PX33, a prototype sedan for military use. It was the first Japanese-built passenger car having 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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Immediately following the end of the next World War, the company returned in order to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled products vehicle called the Mizushima and also a scooter called the Gold Pigeon were also created. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered for being dismantled by the Allied forces in 1950, and Mitsubishi Heavy Industries was put 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 commenced importing the Henry N, an inexpensive American four door 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 operate. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (at this point owned by Kaiser) intended for 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 design.
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By the start of the 1960s Japan's overall economy was gearing up; wages were rising and the concept of family motoring was taking off. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a good automotive department in their headquarters in 1953. Now it was willing to introduce the Mitsubishi 500, a mass market four door, to meet the brand 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 distinctive line of family cars, in 1963. In 1964, Mitsubishi introduced its most significant passenger sedan, the Mitsubishi Debonair to be a luxury car primarily with the Japanese market, and was used by senior Mitsubishi executives being a company car.West Japan Heavy-Industries (today renamed Mitsubishi Shipbuilding & Anatomist) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments from the 1950s, and the three had been re-integrated as Mitsubishi Hefty Industries in 1964. Within three years the output was over 70, 000 vehicles annually. Following the successful introduction in the first Galant in 1969 and similar growth with 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 twenty-two, 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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This logo of three red diamonds, shared with over forty other companies within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen simply by Iwasaki YatarÅ, the founder of Mitsubishi, as it was suggestive on the emblem of the Tosa Tribe who first employed them, and because his very own family crest was several rhombuses stacked atop 1 another. The name Mitsubishi is usually 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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