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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.
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 ...
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Pages in category "DaimlerChrysler" ... DaimlerChrysler–Mitsubishi alliance; DASA; E. ... This page was last edited on 9 September 2023, ...
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CENTRAL TEXAS (FOX 44) – We at FOX 44 News are mourning the loss of a journalist who suddenly passed away on Wednesday. Kris Radcliffe was the 5, 6 and 10 p.m. anchor at KCEN TV in Temple, Texas.
Jochen Goetz, the chief financial officer of Daimler Truck and credited with its successful spinoff from the automotive giant that makes the Mercedes-Benz, has died, the company said Sunday. He ...
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.