Mitsubishi Motor Corp

Mitsubishi Recall: Mitsubishi Motor Corp. and Chrysler Corp. are recalling 1,648 new 1995 cars--1,500 Eagle Talon models and 148 Mitsubishi Eclipse models--to reinforce a panel to which the anti-locking brake system's hydraulic unit is attached. Diamond-Star Motors, the Mitsubishi subsidiary that manufactures the cars in Illinois, determined that the panel isn't adequate to support the hydraulic unit. The need to reinforce the support panel was discovered during endurance testing.

DaimlerChrysler announced early today that it is acquiring 34% of Japan's Mitsubishi Motor Corp. to give the German-American giant a vital stake in the Asian market and elevate it to the third-largest auto maker in the world. The acquisition, for which the Stuttgart-based DaimlerChrysler will pay $2 billion, was announced in a statement issued before the Frankfurt Stock Market opened.

Chrysler to Drop Japanese-Built Dodge Stealth: The Detroit-based auto maker plans to discontinue the flashy but slow-selling luxury car after the 1996 model year, further distancing itself from the car's Japanese manufacturer. Slow sales of the high-performance car, along with a feeling among Chrysler executives that Dodge no longer needed the image boost the Mitsubishi-built Stealth brought it in 1990, was blamed for the decision, Chrysler said. Chrysler began selling Mitsubishi Motor Corp.

Mitsubishi Motors Corp., Japan's fourth-biggest car maker, is holding a meeting with board members to discuss a medium-term business plan, but hasn't said whether a potential sale of equity to DaimlerChrysler will be considered. Meanwhile, the Wall Street Journal reported in today's editions that the two companies were close to a deal that would give DaimlerChrysler a 33.4% stake, allowing the German auto giant to have effective control of Mitsubishi.

Mitsubishi Motor Corp. has settled a lawsuit with 27 women who had accused the company of condoning sexual harassment in the workplace, attorneys for both sides said Thursday. Two of the original 29 plaintiffs did not participate in the settlement involving the Japanese auto maker's Normal, Ill., plant. Mitsubishi promised to donate $100,000 to women's causes in the Bloomington-Normal area, the two sides said at a news conference in Peoria, Ill. They would not disclose any other details.

Mitsubishi Motor Corp. has replaced the top two Japanese executives of its U.S. auto operations as part of the continuing fallout from the sexual-harassment suits filed against the company's manufacturing plant in Normal, Ill., company executives confirmed.

DaimlerChrysler announced early today that it is acquiring 34% of Japan's Mitsubishi Motor Corp. to give the German-American giant a vital stake in the Asian market and elevate it to the third-largest auto maker in the world. The acquisition, for which the Stuttgart-based DaimlerChrysler will pay $2 billion, was announced in a statement issued before the Frankfurt Stock Market opened.

Mitsubishi to Reduce Work Force: Mitsubishi Motors Corp. said it will trim its white-collar work force of 1,400 employees by about 10% over the next five years in a campaign to control costs. A spokesman for the major Japanese auto maker said the staff reduction will be accomplished through attrition rather than layoffs. As the flip side of an expansion of their overseas production, many Japanese auto makers, including Nissan Motor Co. and Mazda Motor Corp.

Mitsubishi Motors Corp., Japan's fourth-biggest car maker, is holding a meeting with board members to discuss a medium-term business plan, but hasn't said whether a potential sale of equity to DaimlerChrysler will be considered. Meanwhile, the Wall Street Journal reported in today's editions that the two companies were close to a deal that would give DaimlerChrysler a 33.4% stake, allowing the German auto giant to have effective control of Mitsubishi.

Mitsubishi Motor Manufacturing of America Inc. and private lawyers representing 29 women who allege they were sexually harassed at its Illinois auto plant are taking their dispute to mediation to try to resolve it. In a joint statement issued Tuesday by Mitsubishi, attorneys for the company and for the plaintiffs said they hope "this process will lead to a fair and rapid resolution of the lawsuit." The statement said that both sides would decline to comment further on the mediation effort.

Mitsubishi Motor Corp. has settled a lawsuit with 27 women who had accused the company of condoning sexual harassment in the workplace, attorneys for both sides said Thursday. Two of the original 29 plaintiffs did not participate in the settlement involving the Japanese auto maker's Normal, Ill., plant. Mitsubishi promised to donate $100,000 to women's causes in the Bloomington-Normal area, the two sides said at a news conference in Peoria, Ill. They would not disclose any other details.

Mitsubishi Motor Manufacturing of America Inc. and private lawyers representing 29 women who allege they were sexually harassed at its Illinois auto plant are taking their dispute to mediation to try to resolve it. In a joint statement issued Tuesday by Mitsubishi, attorneys for the company and for the plaintiffs said they hope "this process will lead to a fair and rapid resolution of the lawsuit." The statement said that both sides would decline to comment further on the mediation effort.

Mitsubishi Motor Corp. has replaced the top two Japanese executives of its U.S. auto operations as part of the continuing fallout from the sexual-harassment suits filed against the company's manufacturing plant in Normal, Ill., company executives confirmed.

Mitsubishi to Reduce Work Force: Mitsubishi Motors Corp. said it will trim its white-collar work force of 1,400 employees by about 10% over the next five years in a campaign to control costs. A spokesman for the major Japanese auto maker said the staff reduction will be accomplished through attrition rather than layoffs. As the flip side of an expansion of their overseas production, many Japanese auto makers, including Nissan Motor Co. and Mazda Motor Corp.

Chrysler to Drop Japanese-Built Dodge Stealth: The Detroit-based auto maker plans to discontinue the flashy but slow-selling luxury car after the 1996 model year, further distancing itself from the car's Japanese manufacturer. Slow sales of the high-performance car, along with a feeling among Chrysler executives that Dodge no longer needed the image boost the Mitsubishi-built Stealth brought it in 1990, was blamed for the decision, Chrysler said. Chrysler began selling Mitsubishi Motor Corp.

Mitsubishi Recall: Mitsubishi Motor Corp. and Chrysler Corp. are recalling 1,648 new 1995 cars--1,500 Eagle Talon models and 148 Mitsubishi Eclipse models--to reinforce a panel to which the anti-locking brake system's hydraulic unit is attached. Diamond-Star Motors, the Mitsubishi subsidiary that manufactures the cars in Illinois, determined that the panel isn't adequate to support the hydraulic unit. The need to reinforce the support panel was discovered during endurance testing.

Mitsubishi Motor Sales of America Inc. has formed a franchise development department and separated its sales and marketing department into separate units in a reorganization aimed at furthering development of its dealership network. Rick Lepley, formerly senior vice president for sales and marketing, has been appointed senior vice president for franchise development and will oversee that department.