Mitsubishi Motors Corporation is a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was your sixth biggest Japanese automaker and also the sixteenth biggest worldwide simply by production. From October 2016 onwards, Mitsubishi is majority-owned simply by Nissan, and thus a perhaps the Renault-Nissan Alliance.Besides being part with the Renault-Nissan Alliance, it is also a component of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's minority 20% stake in Mitsubishi Generators, and the company was originally formed in 1970 from your automotive division of Mitsubishi Heavy Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly part of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial quality trucks, buses and heavy structure equipment, and is owned through Daimler AG.
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Mitsubishi's automotive origins date here we are at 1917, when the Mitsubishi Shipbuilding Corp., Ltd. introduced the Mitsubishi Design A, Japan's first series-production car or truck. An entirely hand-built seven-seater sedan in line with the Fiat Tipo 3, it proved expensive compared to its American and Eu mass-produced rivals, and was discontinued within 1921 after only 22 have been built.In 1934, Mitsubishi Shipbuilding was merged using the Mitsubishi Aircraft Co., a company established throughout 1920 to manufacture aircraft engines along with other parts. The unified company was often known as Mitsubishi Heavy Industries (MHI), and was the biggest private company in Okazaki, japan. MHI concentrated on making aircraft, ships, railroad cars and equipment, but in 1937 formulated the PX33, a prototype sedan with regard to military use. It was the 1st Japanese-built passenger car having full-time four-wheel drive, a technology the company would come back to almost fifty years later in its hunt for motorsport and sales accomplishment.
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Immediately following the end of your second World War, the company returned to be able to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled products vehicle called the Mizushima and a scooter called the Silver Pigeon were also created. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered to become dismantled by the Allied powers 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 began importing the Henry N, an inexpensive American sedan built by Kaiser 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 work. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (now owned by Kaiser) regarding CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps inside 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 financial system was gearing up; wages were rising and the thinking behind family motoring was removing. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established the automotive department in their headquarters in 1953. Now it was wanting 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 along with the Colt 1000, the first of its Colt type of family cars, in 1963. In 1964, Mitsubishi introduced its most significant passenger sedan, the Mitsubishi Debonair to be a luxury car primarily for the Japanese market, and was used simply by senior Mitsubishi executives as a company car.West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding & Anatomist) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments inside the 1950s, and the three have been re-integrated as Mitsubishi Large Industries in 1964. Within three years the output was over 70, 000 vehicles annually. Following the successful introduction of the first Galant in 1969 and similar growth featuring a commercial vehicle division, it was decided that this company should create a single operation to spotlight the automotive industry. Mitsubishi Motors Corporation (MMC) seemed to be formed on April 22, 1970 as a totally owned subsidiary of MHI beneath the leadership of Tomio Kubo, a successful engineer from the aircraft division. [citation needed].
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The particular logo of three red diamonds, shared with over forty other companies within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen by Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive of the emblem of the Tosa Clan who first employed your ex, and because his very own family crest was about three rhombuses stacked atop 1 another. The name Mitsubishi is a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Japan to denote a diamond or rhombus).
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