diff --git a/ChangeLog b/ChangeLog
index dfc5685508e..3934ab1000e 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,5 +1,7 @@
 2012-05-19  Glenn Morris  <rgm@gnu.org>
 
+	* Makefile.in (lib, lib-src, lisp): Check cd return value.
+
 	* Makefile.in (leim): No need to set PARALLEL.
 
 2012-05-18  Glenn Morris  <rgm@gnu.org>
diff --git a/Makefile.in b/Makefile.in
index a007fa00802..5d46ded15b4 100644
--- a/Makefile.in
+++ b/Makefile.in
@@ -357,7 +357,7 @@ sync-from-gnulib: $(gnulib_srcdir)
 
 # These targets should be "${SUBDIR} without `src'".
 lib lib-src lisp: Makefile FRC
-	cd $@; $(MAKE) all $(MFLAGS)                           \
+	cd $@ && $(MAKE) all $(MFLAGS)                         \
 	  CC='${CC}' CFLAGS='${CFLAGS}' CPPFLAGS='${CPPFLAGS}' \
 	  LDFLAGS='${LDFLAGS}' MAKE='${MAKE}'