DaimlerChrysler to maintain stake in Mitsubishi
Car manufacturer DaimlerChrysler will keep its stake in Mitsubishi Motors despite its decision to stop pumping new money into its troubled Japanese partner, chief executive Juergen Schrempp said today.
The decision to cut off Mitsubishi last week “has not altered our strategic goal of establishing firmly our presence in Asia,” Stuttgart based Schrempp said in a letter to staff