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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 and the sixteenth biggest worldwide by simply production. From October 2016 onwards, Mitsubishi is majority-owned by simply Nissan, and thus a the main Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also an integral part of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's small section 20% stake in Mitsubishi Motors, and the company had been originally formed in 1970 on the automotive division of Mitsubishi Heavy Industries.Mitsubishi Fuso Truck along with Bus Corporation was formerly part of Mitsubishi Motors, but is now independent from Mitsubishi Motors, which builds commercial grade trucks, buses and heavy development equipment, and is owned by means of Daimler AG.

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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Design A, Japan's first series-production automobile. An entirely hand-built seven-seater sedan based on the Fiat Tipo 3, it proved expensive compared to its American and American mass-produced rivals, and was discontinued within 1921 after only 22 ended up built.In 1934, Mitsubishi Shipbuilding was merged with the Mitsubishi Aircraft Co., a company established within 1920 to manufacture aircraft engines as well as other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the biggest private company in Asia. MHI concentrated on producing aircraft, ships, railroad cars and machinery, but in 1937 formulated the PX33, a prototype sedan regarding military use. It was the initial 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 hunt for motorsport and sales achievement.

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Rigtht after the end of the 2nd World War, the company returned in order to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled products vehicle called the Mizushima as well as a scooter called the Metallic Pigeon were also created. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered to become dismantled by the Allied capabilities in 1950, and Mitsubishi Heavy Industries was split into three regional companies, each with an involvement in motor vehicle development: West Japan Heavy-Industries, Central Japan Heavy-Industries, and East Japan Heavy-Industries.East Japan Heavy-Industries begun importing the Henry L, an inexpensive American four door built by Kaiser Motors, in knockdown kit (CKD) form in 1951, and continued to bring those to Japan for the remainder on the car's three-year production operate. The same year, Central Japan Heavy-Industries concluded much the same contract with Willys (today owned by Kaiser) regarding CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps within production until 1998, thirty years after Willys on their own had replaced the product.

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By the start of the 1960s Japan's economic system 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 automotive department in its headquarters in 1953. Now it was ready to introduce the Mitsubishi 500, a mass market 4 door, to meet the brand-new demand from consumers. It followed this in 1962 with all 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 biggest passenger sedan, the Mitsubishi Debonair as a luxury car primarily for your Japanese market, and was used by senior Mitsubishi executives as a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Engineering) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments from the 1950s, and the three have been re-integrated as Mitsubishi Weighty Industries in 1964. Within three years their output was over 80, 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 spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) ended up being formed on April 25, 1970 as a fully owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer in the aircraft division. [citation needed].

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The logo of three crimson diamonds, shared with over forty others within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen by simply Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive of the emblem of the Tosa Kin who first employed them, and because his very own family crest was three rhombuses stacked atop the other person. The name Mitsubishi is usually a compound of mitsu ("three") as well as hishi (literally, "water chestnut", often used in Western to denote a diamonds or rhombus).

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