Mitsubishi Motors Corporation is a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was this sixth biggest Japanese automaker plus the sixteenth biggest worldwide simply by production. From October 2016 onwards, Mitsubishi is majority-owned through 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 commercial group in Japan, through the corporation's minority 20% stake in Mitsubishi Engines, and the company had been originally formed in 1970 on the automotive division of Mitsubishi Large Industries.Mitsubishi Fuso Truck along with Bus Corporation was formerly part of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial class trucks, buses and heavy structure equipment, and is owned by Daimler AG.
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Mitsubishi's automotive origins date returning to 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Model A, Japan's first series-production vehicle. An entirely hand-built seven-seater sedan based on the 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 while using Mitsubishi Aircraft Co., a company established with 1920 to manufacture aircraft engines as well as other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the largest private company in Japan. MHI concentrated on manufacturing aircraft, ships, railroad cars and machines, but in 1937 designed 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 resume almost fifty years later in its search 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 started again, while a small three-wheeled packages vehicle called the Mizushima as well as a scooter called the Silver precious metal Pigeon were also formulated. However, the zaibatsu (Japan's family-controlled professional conglomerates) were ordered to get dismantled by the Allied powers 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 started importing the Henry M, an inexpensive American sedan built by Kaiser Engines, in knockdown kit (CKD) type in 1951, and continued to bring those to Japan for the remainder from the car's three-year production run. The same year, Central Japan Heavy-Industries concluded much the same contract with Willys (right now owned by Kaiser) regarding CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps with production until 1998, thirty years after Willys themselves had replaced the design.
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By the beginning of the 1960s Japan's economy was gearing up; wages were rising and thinking about family motoring was removing. Central Japan Heavy-Industries, now known as Tibia Mitsubishi Heavy-Industries, had already re-established the automotive department in its headquarters in 1953. Now it was wanting to introduce the Mitsubishi 500, a mass market four door, to meet the new demand from consumers. It followed this in 1962 while using Minica kei car and also the Colt 1000, the first of its Colt distinct family cars, in 1963. In 1964, Mitsubishi introduced its most significant passenger sedan, the Mitsubishi Debonair like a luxury car primarily for the Japanese market, and was used simply by senior Mitsubishi executives like a company car.West Japan Heavy-Industries (currently renamed Mitsubishi Shipbuilding & Architectural) and East The japanese Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) acquired also expanded their automotive departments in the 1950s, and the three have been re-integrated as Mitsubishi Heavy Industries in 1964. Within three years their output was over 70, 000 vehicles annually. Following the successful introduction in 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) ended up being formed on April twenty-two, 1970 as a wholly owned subsidiary of MHI beneath the leadership of Tomio Kubo, a successful engineer from the aircraft division. [citation needed].
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The actual logo of three reddish colored diamonds, shared with over forty other programs within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen through Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive in the emblem of the Tosa Clan who first employed your pet, and because his personal family crest was a few rhombuses stacked atop one another. The name Mitsubishi can be a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Japanese people to denote a stone or rhombus).
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