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Chrysler sold its equity stake to Mitsubishi in 1993, and Diamond-Star Motors was renamed Mitsubishi Motors Manufacturing America (MMMA) on July 1, 1995. [3] Despite the departure, the two companies have maintained various co-operative manufacturing agreements since and considered all vehicle produced until 1995 [ 9 ] as Diamond Star Motors.
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 ...
Chrysler de Venezuela SA Caracas Assembly: Caracas: 1957: 1965: Trucks: Originally Ensamblaje Venezolana SA, which was owned by the Phelps family. Bought by Chrysler in 1957. Replaced by Valencia plant. Chrysler de Venezuela SA Valencia Plant: Valencia, Carabobo: 1965: 1979: Dodge Dart Dodge Coronet Dodge Monaco Chrysler LeBaron Dodge Aspen ...
Jeep Grand Cherokee, Dodge Durango: Sterling Heights Assembly: 38111 Van Dyke. Sterling Heights, Michigan 48312 Ram 1500: Toledo Complex: 4400 Chrysler Dr. Toledo, Ohio 43608 Jeep Wrangler, Jeep Gladiator: Warren Truck Assembly: 21500 Mound Rd. Warren, Michigan 48091 Ram 1500, Jeep Wagoneer, Jeep Grand Wagoneer: Detroit Assembly Complex – Mack
Before the introduction of the Talon, the TSi (Turbo Sport Intercooled) nameplate was used on the 1986 through 1989 Mitsubishi Starion wide-body versions that were marketed as Dodge, Plymouth, or Chrysler Conquest model. [9] The TSi nameplate was used on a version of the Jeep Grand Cherokee (ZJ) during 1997 and 1998. Marketed as a sportier ...
On June 10, 2009, Chrysler Group LLC emerged from a Chapter 11 reorganization bankruptcy and its stake was subsequently bought by the Italian automaker Fiat. [28] [29] On June 3, 2011, Fiat bought out the remaining US Treasury's stake in Chrysler for $500 million, increasing its ownership of the automaker to 53 percent. [30]
1991 was a landmark year for Mitsubishi in the United States. It bought Chrysler's share of Diamond-Star for $100 million, and became the first Japanese owner of a U.S. car rental agency when it purchased Value Rent-a-Car [5] Sales of Mitsubishi-badged vehicles reached almost 190,000. [3] The remainder of the 1990s provided both ups and downs ...
Mitsubishi's first GS platform car was the 2005 Mitsubishi Outlander crossover SUV. PM/MK vehicles from Chrysler are assembled at Belvidere Assembly in Belvidere, Illinois ( Dodge Caliber and Jeep Compass ) and JS Vehicles were produced at the Sterling Heights Assembly ( Chrysler 200 and Dodge Avenger ).