The Chrysler / Talbot Alpine was undone by the weakness of its maker.
There is a caricature concerning the behaviour of US corporations following their takeover of foreign companies that goes something like this:
Wealthy and expansionist BigCorp Inc. mounts a successful takeover of LittleCo PLC, paying a handsome premium over the net asset value for LittleCo’s intangible assets. These include its local market knowledge and experience about what sells and how to sell it. BigCorp then trashes that treasure by directing LittleCo to do things the American way, sweeping aside all resistance to change.
I’m sure there are instances where this has happened, but at least one US corporation seemed strangely reticent to impose its will on its newly acquired European subsidiaries. That corporation was Chrysler and the subsidiaries concerned were Rootes Group in the UK and Simca in France. Chrysler finally took full control of the former in 1967 and the latter in 1970. Not only was Chrysler apparently slow to Continue reading “The Nearly Car (Part One)”