Post by
Dori Dori »
https://forums.nicoclub.com/dori-dori-u2872.html
Wed Jan 14, 2004 11:21 pm
Daimler Chrysler and Mitsubishi were never 'partners'. Daimler Chrysler was a major stock holder for Mitsubishi motors for years. Even more recently (2001), Daimler Chrysler bought Volvo's (yes, they were major stock holders too) chunk of the Mitsubishi Motor's stock...that gave them 37.3% ownership over the company. Mitsubishi owns 34% stake. So actually, Daimler Chrysler owns more of Mitsubishi motors than Mitsubishi does!
BTW, if anyone is wondering why Mitsubishi has been in great financial stress in recent times, it's because their popularity level in Japan went down tremendously after they admitted in August of 2000 that since 1977, they had covered up over 64,000 faulty vehicle complaints to keep from having to do vehicle recalls! Yeah, they suck. :p