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General Dynamics Land Systems–Australia
General Dynamics Land Systems (GDLS) is an American manufacturer of military vehicles, including tanks and light Armoured fighting vehicle, armored fighting vehicles. The company is based in Sterling Heights, Michigan, and is a subsidiary of General Dynamics. It was originally established in 1982 following the acquisition of Chrysler#Chrysler Defense, Chrysler Defense. GDLS is known for developing and manufacturing vehicles such as the M1 Abrams tank, Stryker, and LAV 6. History In February 1982 Chrysler announced the sale of Chrysler Defense, its profitable defense subsidiary, to General Dynamics for US$348.5 million. The sale was completed in March 1982 for the revised figure of US$336.1 million and renamed General Dynamics Land Systems. Under this newly formed division, General Dynamics would take over production of the M60 tank, M60 and M1 Abrams, M1 tanks for the United States Army. In 1985, 3 years after the sale from Chrysler, General Dynamics production plants in Ohio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |