Mitsubishi and DaimlerChrysler agree settlement

Japan’s Mitsubishi Motors said today that it had settled with DaimlerChrysler on compensation for the costly defect cover-up and recall scandal at Mitsubishi Motors’ truck unit.

Mitsubishi and DaimlerChrysler agree settlement

Japan’s Mitsubishi Motors said today that it had settled with DaimlerChrysler on compensation for the costly defect cover-up and recall scandal at Mitsubishi Motors’ truck unit.

The deal includes a cash payment – the amount of which was not disclosed – and the transfer of Mitsubishi Motors’ 20% stake in the truck company to DaimlerChrysler.

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