DaimlerChrysler is to sell its remaining equity interest in Mitsubishi Motors Corporation (MMC). It currently holds 12.4% of MMC’s total capital stock.
Due to the complete sale of its shares, the company’s financial income in 2005 will improve by approximately 500 million Euros.
Proceeds of the sale and the exact impact on financial income will be published after closing, which will take place by the end of November at the latest.
The current projects between the two will not be affected by the disposal. Examples of such projects are the joint development and production of engines, the shared use of vehicle architecture and the joint production of passenger cars, sports utility vehicles and pickup trucks in