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Mitsubishi's difficulties contributed to a sharp fall in the DaimlerChrysler group's profits, and following the recall of a further 1.5 million cars in February 2001, including almost a million in the U.S., [20] the German parent moved quickly to restructure; approximately 10,000 Mitsubishi employees would be axed and one of its four assembly ...
Mitsubishi Motors North America, Inc. Manufacturing Division (originally, Diamond-Star Motors) was an automobile-manufacturing joint venture between the Chrysler Corporation and Mitsubishi Motors. [1] The name came from the parent companies' respective logos: three diamonds (Mitsubishi) and a pentastar (Chrysler). [2]
The Diamond-Star Motors joint venture with Chrysler in Normal, Illinois, began in 1985, as American-built cars would not be subject to the same restrictive quotas as vehicles imported from Japan. The company sold 67,000 cars in the United States in 1987, but by the time the new factory came onstream the next year, it offered a capacity of ...
Global Engine Alliance LLC, began as a joint venture of Chrysler, Mitsubishi Motors, and Hyundai Motor Company for developing a line of shared engines.. In September 2009, Chrysler purchased Mitsubishi and Hyundai's shares, after 5 years of allied research and development, making its Dundee, Michigan plant a wholly owned subsidiary of what was then Chrysler Group LLC.
Mitsubishi Motors finally achieved annual production of a million cars in 1980, but by this time, its ally 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.
Mitsubishi Motors Corp. v. Soler Chrysler-Plymouth, Inc., 473 U.S. 614 (1985), is a United States Supreme Court decision concerning arbitration of antitrust claims. The Court heard the case on appeal from the United States Court of Appeals for the First Circuit, which had ruled that the arbitration clause in a Puerto Rican car dealer's franchise agreement was broad enough to reach its ...
The Plymouth Laser is a two-door 2+2 sports coupe sold by Plymouth from 1989 until 1994. The Laser and its siblings, the Mitsubishi Eclipse and Eagle Talon, were the first vehicles produced under the newly formed Diamond-Star Motors, a joint-venture between the Chrysler Corporation and the Mitsubishi Motors Corporation.
Mitsubishi Motors Australia Limited (MMAL) is a fully owned subsidiary of Mitsubishi Motors Corporation of Japan, headquartered in Adelaide, South Australia. The company was established in 1980 and began vehicle manufacturing in that year, having taken over the facilities of Chrysler Australia .
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