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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.
On September 9, 1992, Chrysler announced that they would move their headquarters from the Highland Park complex to a new office tower at the Technology Center. [2] Ground was broken on the 15-floor expansion in 1993, and it was completed in 1996. The Walter P. Chrysler Museum, opened in October 1999, was also located on the CTC campus. The ...
Chrysler Australia Tonsley Park plant: Clovelly Park, South Australia: 1964: 1980: Cars: Sold to Mitsubishi Motors in 1980. Chrysler production ended in 1981. Chrysler Australia Lonsdale plant: Lonsdale, South Australia: 1968: 1980: Engines and components: Sold to Mitsubishi Motors in 1980. Chrysler Australia: Fishermans Bend, Victoria: 1965: ...
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 ...
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.
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DaimlerChrysler had reportedly approached other carmakers and investment groups to sell Chrysler in early 2007. General Motors was reported to be a suitor, [20] but Daimler agreed to sell the Chrysler unit to Cerberus Capital Management in May 2007 for US$6 billion and completed the sale on 3 August 2007. [21]
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