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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 ...
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 ).
Daimler's joint venture with BYD [86] has resulted in the creation of the new brand Denza. In 2016, Daimler subsidiary ACCUMOTIVE announced their stationary batteries, to store up to 20 kWh of solar power for later use. [87] Daimler plans to invest €1.5 billion in battery technology, [88] [89] and unveiled a factory in Kamenz in May 2017. [90]
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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In May 2020, Daimler Trucks announced its decision to stop selling the Mitsubishi Fuso brand in North America, citing its failure to gain significant market share in the prior decades. The brand's 137 remaining dealerships would move on to focus on sales of parts, maintenance, and the completion of warranty-related repairs through 2028. [14]
Virgin Australia crew members were allegedly sexually assaulted and robbed in one of Fiji's nightclub areas on New Year's Day, the island country's Deputy Prime Minister Viliame Gavoka announced.
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