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Mitsubishi Motors Corporation is really a multinational automotive manufacturer based in Minato, Tokyo, Japan. In 2011, Mitsubishi Motors was this sixth biggest Japanese automaker and the sixteenth biggest worldwide through 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 in the Renault-Nissan Alliance, it is also an integral part of Mitsubishi keiretsu, formerly the biggest manufacturing group in Japan, through the corporation's community 20% stake in Mitsubishi Magnetic motors, and the company ended up being originally formed in 1970 through the automotive division of Mitsubishi Hefty Industries.Mitsubishi Fuso Truck as well as Bus Corporation was formerly a part of Mitsubishi Motors, but is now independent from Mitsubishi Motors, which builds commercial level trucks, buses and heavy building 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 Co., Ltd. introduced the Mitsubishi Design A, Japan's first series-production car. An entirely hand-built seven-seater sedan while using Fiat Tipo 3, it proved expensive when compared with its American and Western mass-produced rivals, and was discontinued inside 1921 after only 22 ended up built.In 1934, Mitsubishi Shipbuilding was merged while using 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 most significant private company in Asia. MHI concentrated on manufacturing aircraft, ships, railroad cars and devices, but in 1937 designed the PX33, a prototype sedan with regard to military use. It was the very first 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 search for motorsport and sales accomplishment.

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Immediately following the end of the 2nd World War, the company returned to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled freight vehicle called the Mizushima and also a scooter called the Silver Pigeon were also produced. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered for being dismantled by the Allied forces in 1950, and Mitsubishi Heavy Industries was split up 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 began importing the Henry L, an inexpensive American car built by Kaiser Magnetic motors, in knockdown kit (CKD) type in 1951, and continued to bring them to Japan for the remainder on the car's three-year production run. The same year, Central Japan Heavy-Industries concluded an identical contract with Willys (right 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 by themselves had replaced the type.

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By the beginning of the 1960s Japan's financial system was gearing up; wages were rising and the thought of family motoring was taking off. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established a good automotive department in it is headquarters in 1953. Now it was prepared to introduce the Mitsubishi 500, a mass market four door, to meet the brand new demand from consumers. It followed this in 1962 while using the Minica kei car and also the Colt 1000, the first of its Colt distinctive line of family cars, in 1963. In 1964, Mitsubishi introduced its biggest passenger sedan, the Mitsubishi Debonair like a luxury car primarily for your Japanese market, and was used by means of senior Mitsubishi executives being a company car.West Japan Heavy-Industries (today renamed Mitsubishi Shipbuilding & Executive) and East Okazaki, japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) acquired also expanded their automotive departments inside 1950s, and the three had been re-integrated as Mitsubishi Large Industries in 1964. Within three years the output was over 80, 000 vehicles annually. Following the successful introduction in the first Galant in 1969 and similar growth using its commercial vehicle division, it was decided that this company should create a single operation to pay attention to the automotive industry. Mitsubishi Motors Corporation (MMC) has been formed on April 23, 1970 as a entirely owned subsidiary of MHI within the leadership of Tomio Kubo, a successful engineer from your aircraft division. [citation needed].

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This logo of three crimson diamonds, shared with over forty other programs within the keiretsu, predates Mitsubishi Motors itself by almost a hundred years. It was chosen by means of Iwasaki Yatarō, the founder of Mitsubishi, as it was suggestive from the emblem of the Tosa Group who first employed him or her, and because his individual family crest was several 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 diamond or rhombus).

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