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94-835: The Foday Lion F22 was launched on the Chinese market in the second quarter of 2015 as a crew-cab only pickup. Additional models of the Foday Lion F22 featuring a transmission supplied by Punch Powerglide was launched in April 2018 with pre-production started in March 2018. There are three engines available for the Foday Pickup Lion F22, same as the engines offered for the Landfort. A Mitsubishi -sourced 2.4-litre petrol engine with 136 hp (101 kW; 138 PS) and 200 N⋅m (148 lb⋅ft), and

188-498: A cargo spaceship contractor. On 1 April 2008, MHI established Mitsubishi Aircraft Corporation as a subsidiary to develop and produce the MRJ or Mitsubishi Regional Jet , a 70 to 90 passenger regional airliner. MHI is the majority shareholder of the new company, with Toyota Motor Corporation owning 10%. On December 12, 2012, MHI acquired Pratt & Whitney Power Systems , the small gas turbine business of United Technologies . In

282-625: A "vital national interest" at a moment when the French unemployment level stands above 10% and some voters are turning towards the conservative party. GE's proposal ultimately prevailed. MHI had entered the high-speed train business in 1995, with the manufacture of the MLX01 SCMaglev car , a business it exited in 2017 after struggling with the development costs of the Mitsubishi SpaceJet , and disagreements with Central Japan Railway Company over

376-402: A 1.9-litre turbodiesel engine with 136 hp (101 kW; 138 PS) and 300 N⋅m (221 lb⋅ft). Both engines are mated to a five-speed manual transmission with rear-wheel drive as standard and optional four-wheel drive. As of 2018 a Diesel 1.9-litre turbo engine with 150 hp (110 kW; 150 PS) and 350 N⋅m (258 lb⋅ft) torque is added to the lineup, available with

470-819: A 10% stake in the company, until disposing of the last of its remaining shares in March 2003. The 1985 Hyundai Excel was sold in the United States as the Mitsubishi Precis between 1987 and 1994, whereas several other Mitsubishi models were rebadged as Hyundai, namely the Mitsubishi Chariot (as the Hyundai Santamo ), the Mitsubishi Pajero (as the Hyundai Galloper ) or the Mitsubishi Delica (as

564-807: A 15% share in the new company. Thanks to this deal, Chrysler began selling the Galant in the United States as the Dodge Colt (which was the first rebadged Mitsubishi product sold by Chrysler), pushing MMC's annual production beyond 250,000 vehicles. In 1977, the Galant was sold as the Chrysler Sigma in Australia. By 1977, a network of "Colt"-branded distribution and sales dealerships had been established across Europe, as Mitsubishi sought to begin selling vehicles directly. Annual production had by now grown from 500,000 vehicles in 1973 to 965,000 in 1978, when Chrysler began selling

658-471: A 50 kWh pack for up to 150 miles (240 km) of range. Both models are equipped with a dual-motor, all-wheel-drive powertrain an output of 21 kW (28 hp; 29 PS) according to Kandi. Mitsubishi Motors Mitsubishi Motors Corporation ( 三菱自動車工業株式会社 , Mitsubishi Jidōsha Kōgyō KK , lit.   ' Mitsubishi Automotive Industry Company ' , / m ɪ t s ʊ ˈ b iː ʃ i / , Japanese pronunciation: [mitsɯꜜbiɕi] )

752-687: A Malaysian car brand called SAF in April 2016. SAF was named after the arrangement of Muslims in prayer. The SAF lineup consists of rebadged versions of models from Foday, with the Lion F22 pick-up truck rebadged as the SAF Striker while still looking identical to the Foday model. The Foday Lion F22 was built at Oriental Assemblers in Tampoi, Johor, the same company that also assembles Chery products in Malaysia. Kandi America,

846-472: A Mitsubishi takeover, which proved effective. Although sales of SUVs and light trucks were booming in the U.S., Japan's car manufacturers dismissed the idea that such a trend could occur in their own country. Nakamura, however, increased the budget for SUV product development, and his gamble paid off; Mitsubishi's wide line of four-wheel drive vehicles, from the Mitsubishi Pajero Mini kei car to

940-556: A blind eye to Korean victims. On November 28, 2018, MHI was ordered by the South Korea Supreme Court to pay 150m won ($ 133,000; £104,000) in compensation to 10 surviving Koreans who were victims of forced labor which the company oversaw during the Japanese occupation of Korea . Eighteen family members of other victims of the forced labour overseen by MHI, who had previously sued sometime before 2008, were now able to receive

1034-560: A deal expected to close in the first half of 2020, subject to regulatory approval. MHI will benefit from Bombardier's global expertise in areas ranging from engineering and certification to customer relations and support, boosting its SpaceJet (formerly MRJ) programme, and potentially enabling the SpaceJet to be produced in North America. The deal includes two service centres in Canada and two in

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1128-596: A going concern by International Motors (a firm previously known for launching Hyundai onto the UK market in 1981). Mitsubishi Motors plans to stop developing car platforms for the Japanese market and instead use vehicle bases made by ally Nissan Motor beginning around 2026. The Colt name appears frequently in Mitsubishi's history since its introduction as a rear-engined 600-cc sedan in the early 1960s. Today, it most commonly refers to

1222-765: A joint venture with Mitsubishi that started 1998. Models produced at the Tiruvallur , Tamil Nadu plant included the Mitsubishi Pajero Sport (third generation) until 2016. Upon selling its Volvo Cars division to Ford in January 1999, Volvo Group purchased a 5% stake in Mitsubishi Motors in November of that same year, but sold its stake to shareholder DaimlerChrysler in March 2001. Mitsubishi has been allied with PSA Group since 1999, after they agreed to co-operate on

1316-487: A joint-venture named MHI Vestas Offshore Wind to develop offshore wind energy based on Vestas' V164 8.0MW turbine. In 2020, MHI acquired 2.5% of Vestas by transferring its 50% of MHI Vestas to Vestas, and receiving 5 million new Vestas shares. MHI's products include: Mitsubishi Heavy Industries apologized and compensated victims of Chinese forced labor by Japan during World War II in 2015. Yonhap News Agency criticized Mitsubishi for rescuing Chinese victims while turning

1410-560: A loss in FY 2020 partly because of the continuous delays of the first delivery of the SpaceJet. At the height of the COVID-19 pandemic that crippled the aviation industry, MHI decided to put a halt to the project. In 2010, MHI commenced production of the Type 10 advanced main battle tank, at a cost of $ 11.3 million per unit, to replace the Type 90 tank . The nuclear business of MHI operates facilities in

1504-477: A manual transmission and with Punch Powerglide's 6L50 6-speed automatic transmission. In Malaysia, a Mitsubishi-derived 4G69S4N 2.4=litre petrol engine is available, delivering 134 hp (100 kW; 136 PS) at 5,250 rpm and 200 N⋅m (148 lb⋅ft) of torque from 2,500 to 3,000 rpm. A five-speed manual transmission and six-speed automatic transmission is available, with four-wheel drive offered as standard. Enggang Keramat Automobile in Malaysia launched

1598-649: A member of the Renault–Nissan Alliance (the "Alliance"). Nissan has said that they plan to share some car platforms and jointly develop future vehicles with Mitsubishi Motors. Nissan's acquisition of the 34% controlling interest in Mitsubishi Motors was completed in October 2016, when Carlos Ghosn , the chairman of Nissan, Renault , and the Alliance, also became chairman of Mitsubishi Motors. Ghosn remained chairman of Mitsubishi until his dismissal following his arrest by

1692-617: A small stake. Mitsubishi's automotive origins date back to 1917, when the Mitsubishi Shipbuilding Co., Ltd., introduced the Mitsubishi Model A , Japan's first series-production automobile. An entirely hand-built seven-seater sedan based on the Fiat Tipo 3, it proved expensive compared to its American and European mass-produced rivals, and was discontinued in 1921 after only 22 had been built. In 1934, Mitsubishi Shipbuilding

1786-486: A wholly owned subsidiary of MHI under the leadership of Tomio Kubo, a successful engineer from the aircraft division. The logo of three red diamonds, shared with over 40 other companies within the keiretsu , antedates 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 him, and because his own family crest

1880-578: A withdrawal from LNG carrier construction, started to negotiate with Oshima Shipbuilding to divest its historic shipyard located in Koyagi, Nagasaki. On 24 December 2019, Mitsubishi Shipbuilding delivered its first fuel gas supply system for a marine LNG engine . In June 2020, MHI entered talks with Mitsui Engineering & Shipbuilding to acquire the latter's naval and patrol ship business. The deal would strengthen MHI's defense sector, effectively consolidating Japan's defense industry as well. The deal

1974-453: A ¥540-billion emergency rescue of Mitsubishi Motors in January 2005, in partnership with Mitsubishi Corporation and Mitsubishi Tokyo Financial Group . As part of the rescue, MHI acquired ¥50 billion of Mitsubishi Motors stock, increasing its ownership stake to 15% and making the automaker an affiliate again. The emergency rescue was carried out 4 years after a product recall scandal in Japan that

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2068-616: Is a Japanese multinational automobile manufacturer headquartered in Minato, Tokyo , Japan. In 2011, Mitsubishi Motors was the sixth-largest Japanese automaker and the 19th-largest worldwide by production. Since October 2016, Mitsubishi has been one-third (34%) owned by Nissan , and included in the Renault–Nissan–Mitsubishi Alliance . Besides being part of the Renault–Nissan–Mitsubishi Alliance, it

2162-467: Is also a part of Mitsubishi keiretsu , formerly the biggest industrial group in Japan. The company was originally formed in 1970 from the automotive division of Mitsubishi Heavy Industries . Mitsubishi Fuso Truck and Bus Corporation , which builds commercial-grade trucks, buses, and heavy construction equipment, was formerly a part of Mitsubishi Motors, but is now owned by German automotive corporation Daimler Truck , with Mitsubishi continuing to own

2256-585: Is expected to be reached by the end of 2020, with the parties closing the transaction by October 2021, if approved by regulators. On January 17, 2022, the first successful sea voyage of an unmanned, fully autonomous vessel was successfully carried out by the Soleil , built by MHI. The demonstration, conducted in cooperation of Shin Nihonkai Ferry , sailed 240 kilometres, from Shinmoji in Northern Kyushu , to

2350-498: Is one of the core companies of the Mitsubishi Group and its automobile division is the predecessor of Mitsubishi Motors . MHI's products include aerospace and automotive components, air conditioners , elevators , forklift trucks , hydraulic equipment , printing machines , missiles , tanks , power systems , ships , aircraft , railway systems , and space launch vehicles . Through its defense-related activities, it

2444-593: Is the world's 23rd-largest defense contractor measured by 2011 defense revenues and the largest based in Japan. In 1857, at the request of the Tokugawa Shogunate , a group of Dutch engineers were invited, including Dutch naval engineer Hendrik Hardes, and began work on the Nagasaki Yotetsusho ( 長崎鎔鉄所 ), a modern, Western-style foundry and shipyard near the Dutch settlement of Dejima , at Nagasaki . This

2538-625: The Colt T120SS light truck between 1991 and 2019 based on the Suzuki Carry . Despite the same bodywork, the fascia is unique to Mitsubishi and it is manufactured in the local Mitsubishi plant. The engine used is either Mitsubishi's 1.3 L (1,343 cc) carbureted 4G17 or the bigger 1.5 L (1,468 cc) fuel-injected 4G15 . In 2005, the alliance continued by rebadging the Suzuki APV to Mitsubishi Maven . Few styling changes were applied, and

2632-656: The Delica Space Gear passenger van, rode the wave of SUV-buying in Japan in the early to mid-1990s, and Mitsubishi saw its overall domestic share rise to 11.6% in 1995. In 1991, Chrysler sold its equity stake in Diamond-Star Motors to its partner Mitsubishi Motors, and from then on the two companies continued to share components and manufacturing on a contractual basis only. Chrysler decreased its interest in Mitsubishi Motors to less than 3% in 1992, and announced its decision to divest itself of all its remaining shares on

2726-519: The Henry J , an inexpensive American sedan built by Kaiser Motors , in knockdown kit (CKD) form in 1951, and continued to bring them to Japan for the remainder of the car's three-year production run. The same year, Central Japan Heavy-Industries concluded a similar contract with Willys (now owned by Kaiser) for CKD-assembled Jeep CJ-3Bs . This deal proved more durable, with licensed Mitsubishi Jeeps in production until 1998, 30 years after Willys had replaced

2820-628: The Hyundai Porter ) and Mitsubishi Proudia (as the Hyundai Equus ). The South African Motor Corporation ( Samcor ) (previously also called Sigma Corporation and MMI) was a joint venture created in 1985, which produced Ford , Mazda , and Mitsubishi vehicles for the local South African market, with the Mitsubishi Delica being rebadged as the Ford Husky minibus and the Mitsubishi Canter as

2914-654: The Japan Air Self-Defense Force and anti-submarine helicopters for the Japan Maritime Self-Defense Force , as well as aero-engines, missiles and torpedoes. It produced North American F-86 Sabre , Lockheed F-104 Starfighter and McDonnell Douglas F-4 Phantom II fighters. It manufactured 139 Mitsubishi F-15J fighter aircraft from 1981 and produced 200 Sikorsky S-70 family Mitsubishi H-60 helicopters from 1989, in both cases under license production. The company also plays an important role in

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3008-532: The Lancer , Grandis , and Outlander . From 2010, they were superseded with Mitsubishi's self-developed 4N1 diesel engines. As of 2006, Mitsubishi had four joint ventures with Chinese partners: In December 2010, Mitsubishi and Nissan agreed to form a joint venture (later named " NMKV Co., Ltd.") to develop kei cars for the Japanese market. In 2016, Nissan uncovered evidence that Mitsubishi's fuel-economy testing numbers were erroneous and had been erroneous since

3102-657: The Minica kei car and the Colt 1000, the first of its Colt line of family cars, in 1963. In 1964, Mitsubishi introduced its largest passenger sedan, the Mitsubishi Debonair as a luxury car primarily for the Japanese market, and was used by senior Mitsubishi executives as a company car. West Japan Heavy-Industries (now renamed Mitsubishi Shipbuilding and Engineering) and East Japan Heavy-Industries (now Mitsubishi Nihon Heavy-Industries) had also expanded their automotive departments in

3196-636: The Nagasaki Shipyard & Machinery Works ( 長崎造船機械工 ) and entered the shipbuilding business on a large scale. Iwasaki purchased the shipyards outright in 1887. In 1891, "Mitsubishi Heavy Industries - Yokohama Machinery Works" was started as Yokohama Dock Company, Ltd . Its main business was ship repairs, to which it added ship servicing by 1897. The works was renamed Mitsubishi Shipyard of Mitsubishi Goshi Kaisha in 1893 and additional dry docks were completed in 1896 and 1905. The "Mitsubishi Heavy Industries - Shimonoseki Shipyard & Machinery Works"

3290-654: The Occupation of Japan ended, which meant that the ban on using zaibatsu names was lifted. Accordingly, all three companies changed names again on 7 May 1952: West Japan Heavy Industries (the Nagasaki Shipyard) was renamed Mitsubishi Shipbuilding & Engineering Co., Ltd. , Central Japan Heavy Industries, Ltd. was renamed Shin-Mitsubishi Jukogyo K.K. (also trading as Mitsubishi Heavy Industries, Reorganized, Ltd. ; shin meaning "New"), while East Japan Heavy-Industries became Mitsubishi Nippon Heavy Industries. In 1964,

3384-717: The Proton Inspira (the Proton Waja replacement) was again based on the Mitsubishi Lancer platform and officially launched on 10 November 2010. Mitsubishi participated in a joint venture with rival carmaker Volvo and the Dutch government at the former DAF plant in Born in 1991. The operation, branded NedCar , began producing the first-generation Mitsubishi Carisma alongside the Volvo S40/V40 in 1996. The factory later produced

3478-552: The Silver Pigeon were also developed. However, the zaibatsu (Japan's family-controlled industrial conglomerates) were ordered to be 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

3572-756: The Wira and Perdana were based on the Lancer/Colt and Galant/Eterna, respectively, before the company finally produced entirely self-developed vehicles, the Waja in 2000, and the Proton Gen-2 in 2004. At its peak, the Proton controlled 75% of its domestic market, even after Mitsubishi ended their 22-year partnership in 2005, selling their 7.9% stake for RM 384 million to Khazanah Nasional Berhad . However, in October 2008, Proton renewed its technology-transfer agreements with MMC, and

3666-802: The Yamato-class battleship , Musashi, of the Imperial Japanese Navy during World War II . MHI has shipbuilding facilities in Nagasaki , Kobe and Shimonoseki , Japan. Nagasaki Shipyard & Machinery Works ( 三菱重工長崎造船所 , Mitsubishi Juko Nagasaki Zosenjo ) is the primary shipbuilding division of MHI. It primarily produces specialized commercial vessels, including LNG carriers , and passenger cruise ships . On 1 December 2017, MHI announced that it will launch two new wholly owned companies on 1 January 2018 in conjunction with reorganization of its shipbuilding business: In late 2019, MHI, exploring

3760-429: The atomic bombing of Hiroshima three days earlier, dealt a devastating blow to the Japanese leadership, contributing to the surrender of Japan six days later. The Kobe Shipyard of Mitsubishi Goshi Kaisha was established in 1905. The Kobe Shipyard merged with Mitsubishi Heavy Industries in 1934. The Kobe Shipyard constructed the ocean liner Argentina Maru (later repurposed as the aircraft carrier Kaiyo ), and

3854-535: The 1950s the company began to re-enter the aerospace industry in earnest. Along with other major Japanese companies it was involved in design and production of the NAMC YS-11 , the first Japanese airliner to enter production after World War II. In 1956 work started on the design of the Mitsubishi MU-2 , which became the company's first postwar aircraft design. In the defense sector, MHI has produced jet fighters for

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3948-428: The 1950s, and the three were reintegrated as Mitsubishi Heavy Industries in 1964. Within three years, its output was over 75,000 vehicles annually. Following the successful introduction of the first Galant in 1969 and similar growth with its commercial-vehicle division, the company decided to create a single operation to focus on the automotive industry. Mitsubishi Motors Corporation (MMC) was formed on 22 April 1970, as

4042-683: The 4G15 engine was used instead of Suzuki's G15A engine. The Maven was discontinued in 2009 due to poor sales. The Colt T120SS was discontinued in 2019 as the base vehicle, the Suzuki Carry was updated, and Mitsubishi was not interested in continuing the alliance. In Japan, Mitsubishi had rebadged the Suzuki Solio as the Delica D:2 and the Suzuki Every as the Minicab . Indian manufacturer Hindustan had

4136-453: The Australian-built Mitsubishi Sigma to the UK as the Lonsdale YD41 in an attempt to circumvent British import quotas, but the new brand was unsuccessful. It then carried Mitsubishi Sigma badges in 1983–84 before abandoning this operation entirely. South Korean manufacturer Hyundai , built the Hyundai Pony in 1975 using MMC's Saturn engine and transmissions. Korea's first car, it remained in production for 13 years. Mitsubishi held up to

4230-403: The Eclipse and Galant were being explored in Ukraine, the Middle East, and Russia, where the company's bestselling dealership is located. Mitsubishi Motors has also been active in OEM production of cars for Nissan , and announced a similar partnership with Groupe PSA in July 2005 to manufacture an SUV on their behalf. Mitsubishi Motors reported its first profitable quarter in four years in

4324-422: The Ford Triton light truck. Samcor also made a version of the Mazda 323 for the UK market called the Sao Penza, which was a marque like Lonsdale YD41 , invented to get around British import quotas. Malaysian manufacturer Proton was initially very dependent on Mitsubishi Motors, assembling their 1985 Proton Saga using mostly MMC components at a newly established facility in Shah Alam . Subsequent models like

4418-428: The Galant as the Dodge Challenger and the Plymouth Sapporo . However, this expansion was beginning to cause friction; Chrysler saw their overseas markets for subcompacts as being directly encroached by their Japanese partners, while MMC felt the Americans were demanding too much say in their corporate decisions. Mitsubishi Motors finally achieved annual production of a million cars in 1980, but by this time, its ally

4512-437: The Iyonada Sea , over seven hours, with a maximum speed of 26 knots. In the LIMA 2023 convention, MHI unveiled the Multi-Role Support Ship concept for visitors. MHI has installed more 3,282 MW worldwide until December 2009, mainly turbines with 1 and 2.4 MW. The company is developing 7-MW-turbines for offshore wind power . Tests are planned for 2013 in Europe. On September 27, 2013, MHI and Vestas Wind Systems announced

4606-426: The Japanese Ballistic Missile Defense System program. In the space systems sector, MHI is the producer of the H-IIA and H-IIB launch vehicles, Japan's main rockets, and provides launch services for national institutions and companies around the world. The clients include JAXA , KARI , Mohammed bin Rashid Space Centre , and Inmarsat . The company is also involved in the International Space Station program as

4700-401: The Japanese government in November 2018, when Mitsubishi Motors CEO Osamu Masuko assumed the chairmanship. By 2023, Renault Group began supplying Mitsubishi in Continental Europe, with the Renault Clio and Renault Captur rebadge as the Colt and ASX. The firm has no plans to sell any of the models in Britain or Ireland, as the Colt Car Company's Mitsubishi aftersales business was bought as

4794-406: The Mitsubishi Colt subcompact in the company's line-up, but is also the name of MMC's import/distribution company in the United Kingdom, the Colt Car Company , established in 1974. For the first decade of its existence, before Far Eastern auto manufacturers had established their reputations, its cars carried the "Colt" badge in Britain instead of "Mitsubishi". In 1982 and 1983, Mitsubishi introduced

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4888-424: The US subsidiary of China's Kandi Technologies Group, introduced the K32 as its first all-wheel-drive off-road EV in November 2021. The Kandi K32 is based on the same vehicle body as the Foday Lion F22, and was marketed as an all-electric dual motor 4-wheel drive UTV. The base Standard Range trim model is available with a 20.7 kWh battery capable of 60 miles (97 km) of range, while the Long Range variant comes with

4982-440: The US, as well as the type certificates for the CRJ. Bombardier will retain its assembly facility at Mirabel , near Montreal , Canada, and will continue to produce the CRJ on behalf of MHI until the current order backlog is complete. In early May 2020, MHI confirmed that all conditions had been met and that the transaction would be closed on 1 June. The acquired aviation unit was then renamed MHI RJ Aviation Group. MHI recorded

5076-900: The United States–based airline Trans States Holdings . MHI entered talks with Hitachi in August 2011 about a potential merger of the two companies, in what would have been the largest merger between two Japanese companies in history. The talks subsequently broke down and were suspended. In November 2012, MHI and Hitachi agreed to merge their thermal power generation businesses into a joint venture to be owned 65% by MHI and 35% by Hitachi. The joint venture began operations in February 2014 and ended in 2020, as Hitachi transferred its shares to MHI. In June 2014 Siemens and MHI announced their formation of joint ventures to bid for Alstom 's troubled energy and transportation businesses (in locomotives, steam turbines, and aircraft engines). A rival bid by General Electric (GE) has been criticized by French government sources, who consider Alstom's operations as

5170-438: The Yokohama Dock Company in 1935. From its inception, the Mitsubishi Nagasaki shipyards were heavily involved in contracts for the Imperial Japanese Navy . The largest battleship Musashi was completed at Nagasaki in 1942. These connections made Nagasaki a target for strategic bombing during World War II by the Allied air forces , which later dropped an atomic bomb on the city on August 9, 1945. This attack, following

5264-438: The beginning of the Lost Decade and continued to 1997. The collapse was partly the result of the Plaza Accord agreement in 1985, which sought to equalize the United States dollar with the Japanese yen and the German mark . In September of that year, the company closed its Thai factory in response to a crash in the country's currency and plummeting consumer demand. The large truck plant, which had produced 8,700 trucks in 1996,

5358-462: The cities of Kobe and Takasago in Hyogo Prefecture and in Yokohama, Kanagawa Prefecture. It also operates a nuclear fuel manufacturing plant in Tōkai, Ibaraki which processes 440 metric tons of Uranium per year. MHI has also developed the Mitsubishi APWR design. MHI has also signed a memorandum of understanding with Areva for the establishment of a joint venture, Atmea , for their next reactor design ATMEA1. MHI has also been selected as

5452-416: The civil aircraft sector, MHI develops and manufactures major airframe components, including fuselage panels for the Boeing 777 and composite-material wing boxes for the 787 . In June 2014, the company joined four other major Japanese companies in signing an agreement to build parts for Boeing's 777X aircraft . On 25 June 2019, MHI announced the acquisition of Bombardier Aviation 's CRJ programme, in

5546-421: The compensation as well by the decision. All twenty-eight plaintiffs had previously filed a lawsuit in Japan, but had their lawsuit dismissed by the Supreme Court of Japan in 2008. The Japanese government has officially disputed the lawsuit and defined the verdict as "a breach of the international law", citing the 1965 agreement which was made by the two nations to establish diplomatic relations , since all of

5640-457: The construction of a new manufacturing plant in Indonesia under a joint venture with Mitsubishi Corporation (40%) and a local company Krama Yudha Group (9%), with the maximum production capacity of 160,000 vehicles per year. In July 2015, the Mitsubishi Motors announced that it plans to end production at the Diamond-Star Motors plant in Normal, Illinois , US, as the plant has been operating well below capacity for several years. Operations at

5734-413: The core company to develop a new generation of Fast Breeder Reactors (FBR) by the Japanese government. After that announcement was made, MHI established a new company, Mitsubishi FBR Systems , Inc. (MFBR) specifically for the development and realization of FBR technology, starting what is likely to be the most aggressive corporate venture into FBR and Generation IV reactor technology. As of 2015, MHI

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5828-492: The crowded streets of Japan. Japanese media rumored in 1992 and 1993 that Mitsubishi Motors intended a hostile acquisition of Honda . While Mitsubishi was riding high off of profitable vehicles such as the Diamante and Pajero, Honda was caught off-guard with the SUV and truck boom, and was losing focus after the illness and later death of its founder . Honda CEO Nobuhiko Kawamoto took drastic steps, though, such as exiting Formula 1 and discontinuing unprofitable vehicles to avert

5922-413: The crude oil and gas sectors as of 2015. Following financial difficulties at Areva , MHI announced in 2015 it would make a proposal to take a minority ownership stake in a new entity called inheriting Areva's nuclear reactor business and acquired a 19% stake in the entity in 2017. In 2018, the entity has been named Framatome . In 2020, MHI eventually acquired Hitachi's gas turbine business unit after

6016-485: The development of diesel engines using the Japanese company's gasoline direct injection technology. They united again in 2005 to develop the Peugeot 4007 and Citroën C-Crosser sport utility vehicles (SUVs), based on the Japanese company's Mitsubishi Outlander . Two further ties were established between the companies in 2008, first with the establishment of a jointly owned production facility in Kaluga , which will manufacture up to 160,000 Outlander-based SUVs for

6110-455: The facility ended in May 2016. The plant was sold to Maynards Industries, which sold the site to American electric vehicle startup Rivian in 2017. In May 2016, in the wake of the fuel-efficiency scandal uncovered by Nissan (discussed in "Fuel economy scandal" ), Nissan began the acquisition of a 34% stake in Mitsubishi Motors, with the aim of making Nissan the largest and controlling shareholder of Mitsubishi and turning Mitsubishi Motors into

6204-401: The fast-growing Russian market. They were also collaborating in the research and development of electric powertrains for small urban vehicles. Japanese newspaper Nikkei claimed that PSA will sell the electric city car Mitsubishi i MIEV in Europe by 2011. In Europe, Mitsubishi Motors used diesel engines supplied by German manufacturer Volkswagen for some of its mid-sized cars, such as

6298-512: The latest Mitsubishi Colt and the related Smart Forfour (partner DaimlerChrysler cancelled its production in 2006). Production of European market-bound Mitsubishi Outlanders , and badge-engineered versions of this vehicle, were also manufactured in the Netherlands until 2012, when the company sold the plant to the Dutch industrial conglomerate VDL Groep . Mitsubishi Motors Europe 's headquarters and their European distribution center are still based in Born. In Indonesia, Mitsubishi offered

6392-430: The manufacturing costs of the SCMaglev cars. In February 2021, MHI sold its machine tools business MHI Machine Tool Co. to Nidec . In June 2024, MHI announced it will cease newspaper rotary printing press production due to declining demand. At the time the company held a 50% share of the Japanese rotary press market. MHI has aerospace facilities in Nagoya , Aichi , Komaki, Aichi and Mississauga, Canada . In

6486-444: The model. By the beginning of the 1960s, Japan's economy was gearing up; wages were rising and the idea of family motoring was taking off. Central Japan Heavy-Industries, now known as Shin Mitsubishi Heavy-Industries, had already re-established an automotive department in its headquarters in 1953. Now, it was ready to introduce the Mitsubishi 500 , a mass-market sedan, to meet the new demand from consumers. It followed this in 1962 with

6580-469: The ongoing tensions between Chrysler and Mitsubishi, they agreed to unite in a vehicle manufacturing operation in Normal, Illinois . The 50/50 venture provided a way to circumvent the voluntary import restrictions, while providing a new line of compact and subcompact cars for Chrysler. Diamond-Star Motors (DSM)—from the parent companies' logos: three diamonds (Mitsubishi) and a pentastar (Chrysler)—was incorporated in October 1985, and in April 1986, ground

6674-406: The only one of Japan's 11 auto manufacturers to be privately held. Mitsubishi Heavy Industries agreed to reduce its share to 25%, retaining its position as largest single stockholder. Chrysler, meanwhile, increased its holding to over 20%. The capital raised by this initial offering enabled Mitsubishi to pay off part of its debts, as well as to expand its investments throughout Southeast Asia, where it

6768-499: The open market in 1993. The two companies then terminated their close alliance, with Mitsubishi Motors no longer supplying parts for engines and transmissions for Chrysler. After this period, the company sought alliances with many other automotive manufacturers in different areas of the world, as described under "other alliances" below, with its most economically significant alliance being with Nissan to develop and manufacture kei cars. Mitsubishi Heavy Industries (MHI) participated in

6862-467: The sales channels have been combined into one franchise that sells all models, including kei cars and commercial delivery vehicles. The benefits Mitsubishi Motors had seen because of its strong presence in Southeast Asia reversed themselves as a result of the economic crisis in the region , which began in 1991 with the advent of the collapse of the Japanese asset price bubble , referred to in Japan as

6956-640: The start of the venture, affecting 625,000 cars produced by NMKV. The result of the "fuel economy scandal" was that Nissan acquired a controlling interest in Mitsubishi. In July 2024, Mitsubishi Motors and Nissan announced a partnership with Honda for the joint development of their future electric models. Mitsubishi Motors maintained two retail sales channels that sold specific models, called "Car Plaza" and "Galant Shop". Certain models were exclusive to either channel, while some models were available at both channels, as required by local Japanese market conditions. More recently, due to cancellation of larger sedans,

7050-569: The submarines the I-19 and I-25 . Following the dissolution of the zaibatsu after the surrender of Japan at the end of World War II , Mitsubishi divided into three companies in January 1950: Mitsubishi Nagasaki became West Japan Heavy Industries, Ltd , the Kobe Shipyard became Central Japan Heavy-Industries, Ltd. , and the Yokohama branch became East Japan Heavy-Industries, Ltd. On 28 April 1952

7144-482: The third Japanese manufacturer (after Daihatsu and Suzuki ) to begin assembly in China. Before receiving government approval for this project, Mitsubishi had to express contrition over "defective" Mitsubishi trucks imported to China in 1984 and 1985. By 1989, Mitsubishi's worldwide production, including its overseas affiliates, had reached 1.5 million units. Mitsubishi Motors went public in 1988, ending its status as

7238-421: The third quarter of 2006, and returned to profitability by the end of the 2006 financial year, and sustained profitability and global sales of 1,524,000 through 2007 and later. In January 2011, the company announced its next midterm business plan to introduce eight hybrid and battery-powered models by 2015. It aimed to sell its first two plug-in hybrids by fiscal 2012. In March 2015, Mitsubishi Motors started

7332-449: The three independent companies from the 1950 break-up were merged into Shin-Mitsubishi Jukogyo and became Mitsubishi Heavy Industries, Ltd. The Nagasaki works was renamed the Nagasaki Shipyard & Engine Works . The Kobe works was renamed the 'Mitsubishi Heavy Industries - Kobe Shipyard & Machinery Works'. In 1970, MHI's automobile parts department became an independent company as Mitsubishi Motors . In 1974, its Tokyo headquarters

7426-482: The two companies had merged their businesses to form a joint venture. Shipbuilding has been a core and historical founding activity for MHI. It was formally started in 1884 when Mitsubishi leased and then acquired the 'Nagasaki Shipyard & Machinery Works' company (founded in 1857 as 'Nagasaki Yotetsusho Foundry' ). Subsequently, Mitsubishi progressively became one of the major Japanese shipbuilding companies, building both commercial as well as military ships, including

7520-522: The two countries' governments, had to be included among the 120,000 cars earmarked for Chrysler. A restricting element of Mitsubishi's deal with Chrysler was that Chrysler had the right of first refusal of any Mitsubishi automobiles in the US market until 1990. Toward the end of the 1980s, as MMC initiated a major push to increase its U.S. presence, it aired its first national television advertising campaign and made plans to increase its network to 340 dealers. Despite

7614-688: Was broken on a 1.9-million-square-foot (177,000 m ) production facility in Normal. In 1987, the company was selling 67,000 cars a year in the U.S., but when the plant was completed in March 1988, it offered an annual capacity of 240,000 vehicles. Initially, three platform-sharing compact 2+2 coupés were released, the Mitsubishi Eclipse , Eagle Talon , and Plymouth Laser , with other models being introduced in subsequent years. In 1986 Mitsubishi reached an agreement with Liuzhou Automotive to assemble their Minicab kei van and truck there, making Mitsubishi

7708-613: Was by now operating in the Philippines , Malaysia , and Thailand . Hirokazu Nakamura became president of Mitsubishi Motors in 1989, and steered the company in some promising directions, with the advent of the Japanese asset price bubble " market correction " that led to the Lost Decade as a result of the Plaza Accord agreement signed in 1985. Sales of the company's new Pajero were bucking conventional wisdom by becoming popular even in

7802-543: Was carried out 4 years after a product recall scandal in Japan that was triggered by accusations of Mitsubishi Motors allegedly trying to systematically hide manufacturing defects to avoid recalls, and marketing problems in the US. In 1994, MHI opened the Mitsubishi Minatomirai Industrial Museum in Yokohama which is mainly a museum for kids to experience science and technology. In October 2009, MHI announced an order for up to 100 regional jets from

7896-499: Was developing a $ 15.8 billion nuclear power plant in Sinop, Turkey in partnership with Itochu and Engie , which would be its first overseas nuclear project. The deal has been officially scrapped in January 2020, after the feasibility of the project was doubted. MHI unsuccessfully attempted to acquire the energy business of Alstom in 2014 in order to develop its service network in Southeast Asia. MHI remains interested in acquisitions in

7990-405: Was established in 1914. It produced industrial machinery and merchant ships. The Nagasaki company was renamed Mitsubishi Shipbuilding & Engineering Company, Ltd. in 1917 and again renamed as Mitsubishi Heavy Industries in 1934. It became the largest private firm in Japan, active in the manufacture of ships, heavy machinery, airplanes and railway cars. Mitsubishi Heavy Industries merged with

8084-490: Was launched in 2007 and 2008. Slow-selling vehicles were eliminated from the U.S. market, purchase projections for the Global Engine Manufacturing Alliance have been scaled back, and 10,000 jobs were shed to cut costs with 3,400 workers at its Australian plant and other loss-making operations still under threat. Meanwhile, in an effort to increase production at its U.S. facility, new export markets for

8178-510: Was merged with the Mitsubishi Aircraft Co., a company established in 1920 to manufacture aircraft engines and other parts. The unified company was known as Mitsubishi Heavy Industries (MHI), and was the largest private company in Japan. MHI concentrated on manufacturing aircraft , ships , railroad cars and machinery, but in 1937 developed the PX33 , a prototype sedan for military use. It

8272-633: Was not so healthy; as part of its battle to avoid bankruptcy , Chrysler was forced to sell its Australian manufacturing division to MMC that year. The new Japanese owners renamed it Mitsubishi Motors Australia Ltd (MMAL). In 1982, the Mitsubishi brand was introduced to the American market for the first time. The Tredia sedan , and the Cordia and Starion coupés were initially sold through 70 dealers in 22 states, with an allocation of 30,000 vehicles among them. This quota , restricted by mutual agreement between

8366-541: Was renamed Nagasaki Seitetsusho ( 長崎製鉄所 ) Nagasaki Iron (Steel) Foundry in 1860, and construction was completed in 1861. Following the Meiji Restoration of 1868, the shipyard was placed under control of the new Government of Meiji Japan . The first dry dock was completed in 1879. In 1884, Yataro Iwasaki , the founder of Mitsubishi, leased the Nagasaki Seitetsusho from the Japanese government, renamed it

8460-537: Was shut down indefinitely. In addition, Mitsubishi Motors had little support from sales in Japan, which slowed considerably throughout 1997, and were affected by that country's own economic uncertainty into 1998. Mitsubishi Heavy Industries Mitsubishi Heavy Industries, Ltd. ( 三菱重工業株式会社 , Mitsubishi Jūkōgyō Kabushiki-kaisha , MHI ) is a Japanese multinational engineering , electrical equipment and electronics corporation headquartered in Tokyo , Japan. MHI

8554-419: Was targeted in a bombing that killed eight people . MHI participated in a ¥540 billion emergency rescue of Mitsubishi Motors in January 2005, in partnership with Mitsubishi Corporation and Mitsubishi Tokyo Financial Group . As part of the rescue, MHI acquired ¥50 billion of Mitsubishi Motors stock, increasing its ownership stake to 15 percent and making the automaker an affiliate again. The emergency rescue

8648-525: Was the first Japanese-built passenger car with full-time four-wheel drive , a technology the company would return to almost 50 years later in its quest for motorsport and sales success. Immediately following the end of the Second World War , the company returned to manufacturing vehicles. Fuso bus production resumed, while a small three-wheeled cargo vehicle called the Mizushima and a scooter called

8742-497: Was three rhombi stacked atop each other. The name Mitsubishi ( 三菱 ) consists of two parts – mitsu meaning "three" and hishi (which becomes " bishi " under rendaku ) meaning " water caltrop " (also called "water chestnut"), and hence "rhombus", which is reflected in the company's logo . Part of Tomio Kubo's expansion strategy was to increase exports by forging alliances with well-established foreign companies. Therefore, in 1971, MHI sold U.S. automotive giant Chrysler

8836-486: Was triggered by accusations of Mitsubishi Motors trying to systematically hide manufacturing defects to avoid recalls, and marketing problems in the US. After a starvation of new investment caused by lack of cashflow, the company introduced the award-winning Mitsubishi i kei car in 2006, its first new model in 29 months, while a revised Outlander has been introduced worldwide to compete in the popular XUV market niche. The next generation of its Lancer and Lancer Evolution

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