On April 22, 1970, the Mitsubishi Motor Vehicle Division automobile department became a separate company of Mitsubishi Motors Corporation. Actually, Mitsubishi was founded by Yataro Iwasaki in 1873 as a shipbuilding company. «Mitsubishi» in translated from Japanese as «three diamonds». The emblem was invented by Iwasaki himself as a «hybrid» of the emblems of two family clans. The coat of arms of the Iwasakis depicted three rhombuses (some sources claim that these are three leaves of water chestnut), the coat of arms of the Tosa clan, who helped him in establishing his business, consisted of three oak leaves. In the modern interpretation, three diamonds symbolize the three principles of the company: responsibility to society, honesty and openness to cooperation. The first car Mitsubishi released in 1917. Over time, the automotive component of the company began to generate such substantial income that a decision was made on its independent existence.
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