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In the Nineties the Japanese economic system suffered a severe and extended recession, and the complicated interlocking relationships and cross-ownerships between Japanese automakers and their main part manufacturers and banks imposed severe monetary hardship. Ford and GM elevated their monetary stakes in Mazda and Isuzu, respectively, with Ford taking operative management of Mazda in 1996. At the finish of the 20th century, many Japanese automakers and a number of other main component manufacturers were either controlled by or had joint operations with non-Japanese companies. Renault, for instance, held a controlling interest in Nissan, while GM owned 20 % of Fuji and was involved in a cooperative enterprise with Suzuki. DaimlerChrysler had a controlling interest in Mitsubishi.

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