AUTOS Let Bygones Be Bygones

AUTOS Let Bygones Be Bygones

A decade after turning to the U.S. government for a rescue, Chrysler may again be looking for help in weathering a financial crisis -- this time in Japan. Mitsubishi, Chrysler's longtime Japanese partner, is reportedly prepared to put $200 million to $300 million into the U.S. automaker. In return, Mitsubishi would get more control over the Diamond-Star Motors joint venture that builds cars for both companies at a new plant in Normal, Ill. For Chrysler the deal would mean a respite from a recession that has cut sales more than 20% and left the company facing a first-quarter loss estimated at...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!