Mitsubishi Motors Corporation is often a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker and the sixteenth biggest worldwide through production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a the main Renault-Nissan Alliance.Besides being part with the Renault-Nissan Alliance, it is also an integral part of Mitsubishi keiretsu, formerly the biggest industrial group in Japan, through the corporation's group 20% stake in Mitsubishi Motors, and the company was originally formed in 1970 through the automotive division of Mitsubishi Large Industries.Mitsubishi Fuso Truck and Bus Corporation was formerly a part of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial grade trucks, buses and heavy building equipment, and is owned through Daimler AG.
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Mitsubishi's automotive origins date back to 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Model A, Japan's first series-production car. An entirely hand-built seven-seater sedan in line with the Fiat Tipo 3, it proved expensive in comparison with its American and Eu mass-produced rivals, and was discontinued throughout 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged while using the Mitsubishi Aircraft Co., a company established with 1920 to manufacture aircraft engines and also other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the major private company in The japanese. MHI concentrated on producing aircraft, ships, railroad cars and devices, but in 1937 formulated the PX33, a prototype sedan with regard to military use. It was the 1st Japanese-built passenger car using full-time four-wheel drive, a technology the company would come back to almost fifty years later in its search for motorsport and sales success.
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Rigtht after the end of the 2nd World War, the company returned 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 being dismantled by the Allied capabilities 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 started importing the Henry T, an inexpensive American four door built by Kaiser Motors, in knockdown kit (CKD) form in 1951, and continued to bring the crooks to Japan for the remainder from the car's three-year production work. The same year, Central Japan Heavy-Industries concluded a comparable contract with Willys (today owned by Kaiser) intended for CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps with 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 economy 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 fresh demand from consumers. It followed this in 1962 while using 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 largest passenger sedan, the Mitsubishi Debonair as a luxury car primarily with the Japanese market, and was used simply by senior Mitsubishi executives as a company car.West Japan Heavy-Industries (today renamed Mitsubishi Shipbuilding & Architectural) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments in the 1950s, and the three ended up re-integrated as Mitsubishi Large Industries in 1964. Within three years its output was over 70, 000 vehicles annually. Following the successful introduction on the first Galant in 1969 and similar growth having its commercial vehicle division, it was decided how the company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) had been formed on April 22, 1970 as a completely owned subsidiary of MHI within the leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].
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The particular logo of three crimson diamonds, shared with over forty other individuals within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen simply by Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive with the emblem of the Tosa Group who first employed your ex, and because his own family crest was three rhombuses stacked atop one another. The name Mitsubishi is really a compound of mitsu ("three") in addition to hishi (literally, "water chestnut", often used in Western to denote a gemstone or rhombus).
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