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By Unknown Friday, November 25, 2016

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Mitsubishi Motors Corporation is really a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was the particular sixth biggest Japanese automaker and also the sixteenth biggest worldwide by means of production. From October 2016 onwards, Mitsubishi is majority-owned by Nissan, and thus a section of the Renault-Nissan Alliance.Besides being part of the Renault-Nissan Alliance, it is also an element of Mitsubishi keiretsu, formerly the biggest professional group in Japan, through the corporation's small section 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 a component of Mitsubishi Motors, but is now distinct from Mitsubishi Motors, which builds commercial grade trucks, buses and heavy structure equipment, and is owned through Daimler AG.

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Mitsubishi's automotive origins date to 1917, when the Mitsubishi Shipbuilding Co., Ltd. introduced the Mitsubishi Style A, Japan's first series-production vehicle. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive when compared to its American and European mass-produced rivals, and was discontinued inside 1921 after only 22 ended up built.In 1934, Mitsubishi Shipbuilding was merged using the Mitsubishi Aircraft Co., a company established inside 1920 to manufacture aircraft engines along with other parts. The unified company was called Mitsubishi Heavy Industries (MHI), and was the most significant private company in Asia. MHI concentrated on manufacturing aircraft, ships, railroad cars and systems, but in 1937 designed the PX33, a prototype sedan pertaining to military use. It was the very first Japanese-built passenger car using full-time four-wheel drive, a technology the company would go back to almost fifty years later in its search for motorsport and sales achievements.

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Immediately following the end of the 2nd 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 along with a scooter called the Silver Pigeon were also produced. However, the zaibatsu (Japan's family-controlled manufacturing conglomerates) were ordered to get dismantled by the Allied power in 1950, and Mitsubishi Heavy Industries was separated 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 L, an inexpensive American car built by Kaiser Magnetic motors, in knockdown kit (CKD) variety in 1951, and continued to bring those to Japan for the remainder on the car's three-year production run. The same year, Central Japan Heavy-Industries concluded much the same contract with Willys (now owned by Kaiser) with regard to CKD-assembled Jeep CJ-3Bs. This deal proved more durable, with licensed Mitsubishi Jeeps inside production until 1998, thirty years after Willys themselves had replaced the type.

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By the beginning of the 1960s Japan's overall economy was gearing up; wages were rising and the concept of family motoring was taking off. Central Japan Heavy-Industries, now known as Tibia 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 car, to meet the completely new demand from consumers. It followed this in 1962 using the Minica kei car and the Colt 1000, the first of its Colt distinctive line of family cars, in 1963. In 1964, Mitsubishi introduced its major passenger sedan, the Mitsubishi Debonair being a luxury car primarily for the Japanese market, and was used by senior Mitsubishi executives being a company car.West Japan Heavy-Industries (today renamed Mitsubishi Shipbuilding & Design) and East Asia Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) received also expanded their automotive departments inside 1950s, and the three have been re-integrated as Mitsubishi Heavy Industries in 1964. Within three years it's output was over seventy five, 000 vehicles annually. Following the successful introduction on the first Galant in 1969 and similar growth featuring a 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 twenty-two, 1970 as a wholly owned subsidiary of MHI beneath leadership of Tomio Kubo, a successful engineer on the aircraft division. [citation needed].

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The logo of three red-colored diamonds, shared with over forty others 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 of the emblem of the Tosa Tribe who first employed him, and because his own family crest was three rhombuses stacked atop one another. The name Mitsubishi is a compound of mitsu ("three") along with hishi (literally, "water chestnut", often used in Japanese to denote a diamond or rhombus).

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