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Subscribe to this threadMitsubishi set to close Australian plant
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Temple @ Feb 5th 2008 12:12PM
>>There was no terrrible marriage with Daimler Chrysler...
Funny then that they became profitable immediately after separating itself form DCX's "Welt AG" control and restructuring plan entirely paid for and controlled by the Mitsubishi group.
In fact, all of the horrid decision making in the past, the recall conver-up (from M-Fuso which Daimler still controls), and 0-0-0 incentive plan was entirely with DCX at the helm.
In fact, none of the Daimler-Chrysler "Welt AG" merger and aquistion had anything good come out of it. Hyundai bailed early on (DCX owned a 10% stake) to Hyundai's own explosive success, Chrysler got dumped and is in financial ruin, and Mercedes reputation quality plummeted during the time and they lost billions.