TITLE

DaimlerChrysler is to take a 10% stake in troubled Korean carmaker Hyundai as the first stage in the formation of a global alliance. The two will establish a joint venture to manufacture commercial vehicles, and will develop a range of small cars in cooperation with Mitsubishi.

DaimlerChrysler is to take a 10% stake in troubled Korean carmaker Hyundai as the first stage in the formation of a global alliance. The two will establish a joint venture to manufacture commercial vehicles, and will develop a range of small cars in cooperation with Mitsubishi.