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Eduncle Best Answer
Taking advancing globalisation into account, among other things car production was taken up in Tuscaloosa in 1995, and in 1998 the merger with Chrysler Corporation to form Daimler Chrysler AG was announced. The intention of the merger was to safeguard the long-term competitiveness of the companies involved.
In 1993, the erstwhile Tata Oil Mill Company (TOMCO) was acquired by HUL (then Hindustan Lever).
In 1996 Videocon group formalised an agreement with Swedish appliances firm AB Electrolux, to takeover the entire 91.85% stake in its loss-making Indian subsidiary Electrolux Kelvinator Ltd.
Larsen and Toubro Ltd (L&T) gained a controlling interest in Mindtree Ltd, raising its stake to 60% in the Bengaluru-based company and successfully concluding India's first hostile takeover of a software developer.