Mitsubishi Motors Corporation is often a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the actual sixth biggest Japanese automaker as well as the sixteenth biggest worldwide by simply production. From October 2016 onwards, Mitsubishi is majority-owned by means of Nissan, and thus a area of the Renault-Nissan Alliance.Besides being part from the Renault-Nissan Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest business group in Japan, through the corporation's fraction 20% stake in Mitsubishi Generators, and the company was originally formed in 1970 from the automotive division of Mitsubishi Major Industries.Mitsubishi Fuso Truck and also Bus Corporation was formerly a part of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial rank trucks, buses and heavy design equipment, and is owned simply by 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 while using Fiat Tipo 3, it proved expensive in comparison to its American and European mass-produced rivals, and was discontinued with 1921 after only 22 was built.In 1934, Mitsubishi Shipbuilding was merged while using the Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines and also other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the most significant private company in Asia. MHI concentrated on producing aircraft, ships, railroad cars and equipment, but in 1937 created the PX33, a prototype sedan regarding military use. It was the primary Japanese-built passenger car along with full-time four-wheel drive, a technology the company would get back to almost fifty years later in its pursuit of motorsport and sales accomplishment.
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Immediately following the end of the second World War, the company returned to help manufacturing vehicles. Fuso bus production started again, while a small three-wheeled shipment 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 get dismantled by the Allied properties in 1950, and Mitsubishi Heavy Industries was put 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 begun importing the Henry L, an inexpensive American sedan built by Kaiser Magnetic motors, in knockdown kit (CKD) kind in 1951, and continued to bring these phones Japan for the remainder in the car's three-year production run. The same year, Central Japan Heavy-Industries concluded a comparable contract with Willys (right now owned by Kaiser) regarding CKD-assembled Jeep CJ-3Bs. This deal proved stronger, with licensed Mitsubishi Jeeps within production until 1998, thirty years after Willys independently had replaced the product.
By the start of the 1960s Japan's financial system was gearing up; wages were rising and thinking about family motoring was removing. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a good automotive department in its headquarters in 1953. Now it was willing to introduce the Mitsubishi 500, a mass market sedan, to meet the new demand from consumers. It followed this in 1962 with 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 to the Japanese market, and was used by means of senior Mitsubishi executives to be a company car.West Japan Heavy-Industries (today renamed Mitsubishi Shipbuilding & Anatomist) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments inside 1950s, and the three ended up re-integrated as Mitsubishi Heavy Industries in 1964. Within three years its output was over 80, 000 vehicles annually. Following the successful introduction of the first Galant in 1969 and similar growth using its commercial vehicle division, it was decided which 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 totally owned subsidiary of MHI beneath the leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].
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Your logo of three crimson diamonds, shared with over forty other companies within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen by simply Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive of the emblem of the Tosa Family who first employed your ex, and because his individual family crest was a few rhombuses stacked atop 1 another. The name Mitsubishi is a compound of mitsu ("three") in addition to hishi (literally, "water chestnut", often used in Western to denote a precious stone or rhombus).
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