Mitsubishi Motors Corporation is really 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 through production. From October 2016 onwards, Mitsubishi is majority-owned through Nissan, and thus a perhaps the Renault-Nissan Alliance.Besides being part on the Renault-Nissan Alliance, it is also an element of Mitsubishi keiretsu, formerly the biggest commercial group in Japan, through the corporation's fraction 20% stake in Mitsubishi Magnetic motors, and the company ended up being originally formed in 1970 on the automotive division of Mitsubishi Heavy Industries.Mitsubishi Fuso Truck in addition to Bus Corporation was formerly a part of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial level trucks, buses and heavy construction equipment, and is owned by simply Daimler AG.
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Mitsubishi's automotive origins date to 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Model A, Japan's first series-production vehicle. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive in comparison to its American and Western mass-produced rivals, and was discontinued within 1921 after only 22 had been built.In 1934, Mitsubishi Shipbuilding was merged with the Mitsubishi Aircraft Co., a company established in 1920 to manufacture aircraft engines and other parts. The unified company was often known as Mitsubishi Heavy Industries (MHI), and was the biggest private company in The japanese. MHI concentrated on creation aircraft, ships, railroad cars and machines, but in 1937 designed the PX33, a prototype sedan intended for military use. It was the 1st Japanese-built passenger car using full-time four-wheel drive, a technology the company would get back to almost fifty years later in its pursuit of motorsport and sales good results.
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Immediately following the end of the next World War, the company returned to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled shipment vehicle called the Mizushima and also a scooter called the Silver Pigeon were also designed. However, the zaibatsu (Japan's family-controlled commercial conglomerates) were ordered for being dismantled by the Allied powers 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 T, an inexpensive American four door built by Kaiser Power generators, in knockdown kit (CKD) style in 1951, and continued to bring these to Japan for the remainder with the car's three-year production run. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (currently owned by Kaiser) with regard to CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps inside production until 1998, thirty years after Willys 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 thinking about family motoring was taking off. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a great automotive department in their headquarters in 1953. Now it was prepared 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 and also the Colt 1000, the first of its Colt distinct family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair being a luxury car primarily to the Japanese market, and was used by means of senior Mitsubishi executives to be a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Architectural) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) experienced also expanded their automotive departments in the 1950s, and the three were being re-integrated as Mitsubishi Large 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 which consists of commercial vehicle division, it was decided the company should create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) had been formed on April twenty-two, 1970 as a fully owned subsidiary of MHI within the leadership of Tomio Kubo, a successful engineer in the 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 hundred years. It was chosen by means of Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive with the emblem of the Tosa Tribe who first employed your ex, and because his own family crest was about three rhombuses stacked atop the other person. The name Mitsubishi is often a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Japanese to denote a precious stone or rhombus).
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