Word: automobili
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Dates: during 1990-1999
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Chrysler Corp. announced plans to sell Italy's Automobili Lamborghini, its luxury sports-car and Formula One racing-engine subsidiary, to an Indonesian business group. Terms of the deal were not disclosed but it was rumored to be worth $40 million. In 1987 Chrysler paid $25 million for Lamborghini, mostly as a vanity nameplate; in recent years it has lost money. The buyer was Megatech, a Bermuda-based holding company owned jointly by Jakarta industrialist Setiawan Djody and Hutomo Mandala Putra, a son of Indonesian President Suharto...
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