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48	48	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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50		-In 1970, MHI's automobile department became independent and Mitsubishi Motors Corporation began manufacturing and marketing automobiles. The 1973 oil crisis marked the end of Japan's rapid economic growth and had a major impact on MHI's business, particularly in shipbuilding. After that point, the company established an industrial machinery business and enjoyed steady expansion until Japan again entered a period of slow growth following the bursting of its economic bubble. During that period, Mitsubishi succeeded in launching rockets and expanded its business domains to include aerospace. The company continued to hone its leading-edge technologies, keeping its annual net sales around the ¥3 trillion level for approximately 30 years.
	50	+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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	52	+In 1970, MHI's automobile department became independent and Mitsubishi Motors Corporation began manufacturing and marketing automobiles. The 1973 oil crisis marked the end of Japan's rapid economic growth and had a major impact on MHI's business, particularly in shipbuilding. After that point, the company established an industrial machinery business and enjoyed steady expansion until Japan again entered a period of slow growth following the bursting of its economic bubble. During that period, Mitsubishi succeeded in launching rockets and expanded its business domains to include aerospace.
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	54	+The decade 1960-1970 saw increasing dependence of the world on imported oils. In the awake, Mitsubishi received an avalanche of orders for oil tankers. This ensued the effects like reunion of all three parts of Mitsubishi in 1964. Tanker-building business utilized the bulk of MHI's resources. A new dock with 300,000-gross-ton capacity was built at Nagasaki in 1965, followed by the 1972 completion of a mammoth 1-million-gross-ton supertanker facility at the same yard. This ultra-efficient dock enjoyed only a short life, however~-~-the oil crisis of 1973 and 1974 soon brought tanker orders to a near standstill, permanently crippling the entire Japanese shipbuilding industry.
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