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Corporate Culture Lies behind Failed Mitsubishi Motors' Bailout.
Knight Ridder/Tribune Business News, April, 2004
Kyodo News International, Tokyo Knight Ridder/Tribune Business News
Apr. 30--NEW YORK -- DaimlerChrysler AG's unsuccessful work to turn around Mitsubishi Motors Corp. stemmed from its failure to overcome Japanese companies' tendency to "avoid unpleasant truths," BusinessWeek says in its latest issue.
"This was a company whose managers were so reluctant to relay bad news to higher-ups that they squelched complaints about quality defects for decades to avoid costly product recalls," the business magazine said.
The magazine compared Mitsubishi's plight with the successful revival of rival Japanese automaker Nissan Motor Co. in a commentary titled "A Tale of Two Mergers -- Nissan is thriving, while Mitsubishi can't get out of the ditch....
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