Daimler-Chrysler’s efforts to integrate with Mitsubishi and Hyundai to create a “global number one” in the 1990s resulted in catastrophic damage to Chrysler and Mitsubishi. The chemistry between Daimler and Chrysler never worked out, and Chrysler was finally dumped and left stranded with incredibly uncompetitive products. Financial firm Cerberus Capital Management took over in 2007 [...]
