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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 ...
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: 1972: Engines and body parts: Belgium: Chrysler Antwerpen: Antwerp: 1926: 1958
During his tenure, Daimler-Benz made the 80% acquisition of the Chrysler Corporation to become DaimlerChrysler. Schrempp called the merger a "match made in heaven". In addition to the acquisition of Chrysler, Schrempp pursued the acquisition of Mitsubishi Motors as part of his 'Three Pillars' strategy to expand the reach of Daimler-Benz into the major markets of the United States and Asia.
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.
Before moving to the Auburn Hills headquarters, Chrysler was based at the Highland Park Chrysler Plant campus, [2] which predated the formation of the company itself. It was located along I-75, roughly one mile (1.6 km) southeast of the Highland Park Ford Plant.
The Chrysler company was founded by Walter Chrysler on June 6, 1925, [12] [13] when the Maxwell Motor Company (est. 1904) was re-organized into the Chrysler Corporation. [14] [15] The company was headquartered in the Detroit enclave of Highland Park, [16] [17] [18] where it remained until completing the move to its present Auburn Hills location in 1996.
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