Mitsubishi Motors Corporation is usually a multinational automotive manufacturer headquartered in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the sixth biggest Japanese automaker as well as the sixteenth biggest worldwide by simply 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 part of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's community 20% stake in Mitsubishi Generators, and the company was originally formed in 1970 from your automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck in addition to Bus Corporation was formerly part of Mitsubishi Motors, but is now individual from Mitsubishi Motors, which builds commercial class trucks, buses and heavy construction equipment, and is owned by Daimler AG.
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Mitsubishi's automotive origins date here we are at 1917, when the Mitsubishi Shipbuilding Company., Ltd. introduced the Mitsubishi Style A, Japan's first series-production car. An entirely hand-built seven-seater sedan using the Fiat Tipo 3, it proved expensive when compared to its American and American mass-produced rivals, and was discontinued with 1921 after only 22 had been built.In 1934, Mitsubishi Shipbuilding was merged using the Mitsubishi Aircraft Co., a company established in 1920 to manufacture aircraft engines along with other parts. The unified company was referred to as Mitsubishi Heavy Industries (MHI), and was the biggest private company in The japanese. MHI concentrated on production aircraft, ships, railroad cars and devices, but in 1937 designed the PX33, a prototype sedan regarding military use. It was the initial Japanese-built passenger car with full-time four-wheel drive, a technology the company would come back to almost fifty years later in its pursuit of motorsport and sales accomplishment.
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Rigtht after the end of the next World War, the company returned in order to manufacturing vehicles. Fuso bus production started again, while a small three-wheeled products vehicle called the Mizushima and also a scooter called the Metallic Pigeon were also produced. However, the zaibatsu (Japan's family-controlled business conglomerates) were ordered to be dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was split into three regional companies, each with an involvement in motorized 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 4 door built by Kaiser Engines, in knockdown kit (CKD) type in 1951, and continued to bring these to Japan for the remainder in the car's three-year production work. The same year, Central Japan Heavy-Industries concluded a comparable contract with Willys (right now owned by Kaiser) pertaining to CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps within production until 1998, thirty years after Willys them selves had replaced the design.
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By the start of the 1960s Japan's overall economy was gearing up; wages were rising and the idea of family motoring was taking off. Central Japan Heavy-Industries, now known as Tibia Mitsubishi Heavy-Industries, had already re-established an automotive department in their headquarters in 1953. Now it was prepared to introduce the Mitsubishi 500, a mass market car, 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 line of 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 being a company car.West Japan Heavy-Industries (at this point renamed Mitsubishi Shipbuilding & Design) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) got also expanded their automotive departments within the 1950s, and the three had been re-integrated as Mitsubishi Major Industries in 1964. Within three years its output was over 80, 000 vehicles annually. Following the successful introduction on the first Galant in 1969 and similar growth using its commercial vehicle division, it was decided that the company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) was formed on April 25, 1970 as a totally owned subsidiary of MHI underneath the leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].
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The logo of three crimson diamonds, shared with over forty other programs within the keiretsu, predates Mitsubishi Motors itself by almost a century. It was chosen by means of Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive of the emblem of the Tosa Group who first employed him, and because his very own family crest was three rhombuses stacked atop one another. The name Mitsubishi is usually a compound of mitsu ("three") as well as hishi (literally, "water chestnut", often used in Japoneses to denote a diamonds or rhombus).
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