Mitsubishi Motors Corporation is often a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the actual sixth biggest Japanese automaker and the sixteenth biggest worldwide simply by production. From October 2016 onwards, Mitsubishi is majority-owned by simply Nissan, and thus a section of the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest industrial group in Japan, through the corporation's group 20% stake in Mitsubishi Motors, and the company had been originally formed in 1970 from the automotive division of Mitsubishi Weighty Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly an element of Mitsubishi Motors, but is now separate from Mitsubishi Motors, which builds commercial grade trucks, buses and heavy structure equipment, and is owned by means of Daimler AG.
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Mitsubishi's automotive origins date back to 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Design A, Japan's first series-production automobile. 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 with 1921 after only 22 were being 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 called Mitsubishi Heavy Industries (MHI), and was the greatest private company in Japan. MHI concentrated on producing aircraft, ships, railroad cars and equipment, but in 1937 designed the PX33, a prototype sedan regarding military use. It was the first Japanese-built passenger car using full-time four-wheel drive, a technology the company would return to almost fifty years later in its pursuit of motorsport and sales success.
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Rigtht after the end of the other World War, the company returned to help manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled packages vehicle called the Mizushima along with a scooter called the Gold Pigeon were also formulated. 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 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 J, an inexpensive American car built by Kaiser Magnetic motors, in knockdown kit (CKD) variety in 1951, and continued to bring these to Japan for the remainder of the car's three-year production work. The same year, Central Japan Heavy-Industries concluded a comparable contract with Willys (today owned by Kaiser) with regard to CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps with production until 1998, thirty years after Willys them selves had replaced the style.
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By the start of the 1960s Japan's economy was gearing up; wages were rising and the thought of family motoring was taking off. Central Japan Heavy-Industries, now known as Tibia Mitsubishi Heavy-Industries, had already re-established a great automotive department in its headquarters in 1953. Now it was willing to introduce the Mitsubishi 500, a mass market car, to meet the brand new demand from consumers. It followed this in 1962 using the Minica kei car and also the Colt 1000, the first of its Colt type of family cars, in 1963. In 1964, Mitsubishi introduced its major passenger sedan, the Mitsubishi Debonair as a luxury car primarily to the Japanese market, and was used by simply senior Mitsubishi executives to be a company car.West Japan Heavy-Industries (at this point renamed Mitsubishi Shipbuilding & Executive) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments inside the 1950s, and the three ended up re-integrated as Mitsubishi Hefty Industries in 1964. Within three years it's output was over 70, 000 vehicles annually. Following the successful introduction from 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 underneath the leadership of Tomio Kubo, a successful engineer from the aircraft division. [citation needed].
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The actual logo of three red-colored diamonds, shared with over forty others within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen through Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive from the emblem of the Tosa Kin who first employed him, and because his individual family crest was three rhombuses stacked atop the other. The name Mitsubishi is usually a compound of mitsu ("three") as well as hishi (literally, "water chestnut", often used in Japanese to denote a stone or rhombus).
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