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While the Mitsubishi Fuso Truck and Bus Corporation (MFTBC) is now a part of Daimler AG, more commonly known as the Mercedes-Benz truck group, the car making operation continues to produce well known commercial models such as the Mitsubishi L200 pickup and its many derivatives, the commercial version of the Outlander 4x4 and the Mitsubishi 4Work range based on the company's legendary Shogun.
A Japanese word meaning 'three diamonds', Mitsubishi was founded in by Yataro Iwasaki, a descendant of samurais, in the early 1870s. Mitsubishi, now the sixth largest manufacturer in Japan, has its roots in producing commercial vehicles for its home market.
Shipping was the company's original focus but the firm quickly diversified into areas such as mining and ship repair. Mitsubishi unveiled the Model A, Japan's first series production passenger car in 1917. However, in the years that led up to World War II, Mitsubishi Heavy Industries, the transportation products division, was focused on producing ships and vehicles for the war effort.
It wasn't until 1960 that the company began producing passenger and light commercial vehicles on a large scale with the introduction of the compact Mitsubishi 500. The '60s also saw the launch of other Mitsubishi vehicles such as the 360 Van and 360 Pickup.
Mitsubishi's automobile production arm was officially spun off into a company of its own with the establishment of Mitsubishi Motors Corporation in 1970. In 1971, Chrysler purchased a 15 percent stake in the new company but during 1993 the American manufacturer parted with its Mitsubishi shares.
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