DaimlerChrysler – No More Investment In Mitsubishi

Date: 23rd April 2004 Author: Tyrepress Editors Comments: 0

DaimlerChrysler (DCX) has ruled out giving any further financial support to Mitsubishi (MMC), in which the German company has a 37 per cent stake. This surprised analysts, who had been expecting DCX to invest up to 4 billion Euro, but is seen as a positive move with a beneficial effect on DCX cash flow. .