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67	67	Nagasaki Shipyard & Machinery Works was later turned into Mitsubishi Shipbuilding Co., Ltd., and then launched as Mitsubishi Heavy-Industries, Ltd. in 1934, manufacturing ships, heavy machinery, airplanes, and railroad cars. Following the World War II, the Japanese government took an initiative to dismantle large industrial groups (//zaibatsu//), MHI was divided into three independent and competing companies. Thus, in 1950, MHI was divided into three entities: West Japan Heavy-Industries, Ltd., Central Japan Heavy-Industries, Ltd. and East Japan Heavy-Industries, Ltd. The three companies later consolidated in 1964 and reborn as Mitsubishi Heavy Industries, Ltd.
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	70	+[[image:mitsubishi history dockyard.jpg||alt="mitsubishi history dockyard"]]
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70	70	In 1958, in cooperation with 23 other Mitsubishi Group corporations, Mitsubishi Heavy Industries created Mitsubishi Atomic Power Industries. MHI continues to dominate contemporary Japanese production of atomic power. The businesses in which the group entered during the period of depression in shipbuilding business due to the WWI, started flourishing now. During that time of crisis, Mitsubishi Shipbuilding Company (MSC) actively pursued a number of other technological developments, most notably the airplane and the automobile. Having made its first airplane in 1916 and first auto in the following year, MSC grouped these products under the name Mitsubishi Internal Combustion Engine Manufacturing Company in 1920. This offshoot went through several changes before taking the name of Mitsubishi Aircraft Company in 1928, at which time it was already one of Japan's leading manufacturers of military aircraft. After six years of independence, however, the aircraft and automobile facilities were once again united with MSC to form Mitsubishi Heavy Industries in 1934. In the early 1960s, Automobile production rose steadily, if not as quickly as at rivals Toyota and Nissan, and by 1964 the Nagoya plants were manufacturing 4,000 cars per month. Even aircraft production had been resumed by the early 1960s.{{footnote}}https://www.referenceforbusiness.com/history2/66/Mitsubishi-Heavy-Industries-Ltd.html{{/footnote}}
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76	76	By 1975, as a result of that downturn, MHI generated only about 40% sales from the shipbuilding segment and only about 33% of its employees worked there. By 1985, the numbers further declined to only 15% and 17%, respectively. However, MHI managed to shift its assets quickly enough to survive. Having already spun off its automobile division to form Mitsubishi Motors Corporation in 1970, MHI aggressively pursued clients in the power-plant and factory-design fields. It also resumed its position as the top supplier of military hardware to Japan's growing defense force. MHI has streamlined its production facilities by shifting employees from older industries such as shipbuilding to newer ones such as machinery and power-plant production, at the same time allowing natural attrition to shrink its overall labor bill.
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78	78	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.
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80	80	In October 2009, MHI announced an order for up to 100 regional jets from the United States-based airline Trans States Holdings.