cyclerider

TOKYO/FRANKFURT (Reuters) - DaimlerChrysler AG drew the final curtain on its ill-fated investment in Mitsubishi Motors Corp. (MMC) on Friday by selling its entire 12.42 percent stake in the Japanese car maker.

cdiken

Good move. Fundamental precept of sound management!

vraa

Finally?
Good to see rational moves finally being executed.

marcos

I thought they needed Mitsibushi for the electronics knowhow.

CE750

Is that so? I didn't know this. Either way, it's not helped them much.

Now step 2.... sell off Chrysler!

Barry45RPM

They could always buy an American Spec Toyota Avalon & reverse engineer it. Total investment $ 28 grand.

konigstiger

"The current cooperation projects of DaimlerChrysler and MMC will not be affected by the disposal, and will continue as previously agreed. Some 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 Europe, North America, China and South Africa. In addition, DaimlerChrysler and MMC plan to renew and extend current projects which are mutually beneficial."

tyltan

I worked for Mitsubishi MMSA/MMC for 4 yrs. I no longer work there. I drove total of 5 Mitsubishis in 4 yrs and they are 5 of the best cars/SUV I have driven. I love them. I still don't know what's wrong with Mitsubishi image. They made great cars and SUV.

AJU_E350

IMO, it's styling. I don't like any car that rolls off their assembly line. With the exception of the '06 eclipse. That car is "350z-ish".

And I like the evo for the bang for the buck ricer value.

Other than that ugly ugly....