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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 ...
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.
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.
The Mitsubishi PS platform, also known as "Project America", is a mid-size, front-wheel drive platform developed by Mitsubishi Motors North America.All vehicles built at the Diamond-Star Motors facility in Normal, Illinois are underpinned by the platform, as is the Australian built Mitsubishi 380, which is loosely derived from the PS-based ninth generation of the Mitsubishi Galant.
A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. government for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana. The ...
The corporation was established by January 2012, when Fiat acquired a 58.5% stake of the Chrysler Group (which in 1998 to 2007 was part of DaimlerChrysler) and thus became the at the time 7th largest automaker (behind Toyota, General Motors, Volkswagen, Hyundai, Ford and Nissan).
Both 23XI and Front Row competed as two-car teams in 2024. 23XI, the team co-owned by Michael Jordan and NASCAR Cup Series driver Denny Hamlin, fielded cars for Bubba Wallace and Tyler Reddick ...
“The city of Chicago is really good at things like this,” Mayor Brandon Johnson said at a news conference. “We are ready.” ... from Plano, Illinois, held the flag while wearing a U.S. Army ...