DaimlerChrysler Agrees To Sell Mitsubishi Stock

Posted by www.eMercedesBenz.com on November 11, 2005 at 10:00 AM CST

DaimlerChrysler has announced today they will be selling their  
remaining equity interest in the Mitsubishi Motors Corporation.

DaimlerChrysler, who currently owns a 12.4% stake in the company,  
expects an increase of EUR 500 million (about $600 million) on their  
financial statement.  The proceeds of the sale and impact on  
financial income will be published after closing, which will take  
place "by the end of November at the latest."

Despite the sale, DaimlerChrysler and the Mitsubishi Motors  
Corporation will continue their current cooperation projects, and in  
the future both companies will look to "renew and extend current  
projects which are mutually beneficial."

For more info on the sale, you can click the link below:

http://emercedesbenz.com/Nov05/11DCAgreesToSellMitsubishiStock.html

OFFICIAL PRESS RELEASE

DaimlerChrysler Has Agreed To Sell Its Stake In Mitsubishi Motors  
Corporation

Stuttgart, Nov 11, 2005

Today, DaimlerChrysler AG has agreed to sell its remaining equity  
interest in Mitsubishi Motors Corporation (MMC).
DaimlerChrysler’s shareholding in MMC is entered in the balance sheet  
as a financial investment and currently amounts to 12.4% of MMC’s  
total capital stock. Due to the complete sale of its shares in MMC,  
DaimlerChrysler’s financial income in 2005 will improve by  
approximately €500 million.

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  
the latest.

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.

Today, Dr. Rüdiger Grube resigned from his position on the Board of  
Directors of Mitsubishi Motors Corporation.

The MMC shares offered have not been registered under the Securities  
Act of 1933 and may not be offered or sold in the United States  
absent registration or an applicable exemption from registration  
requirements.

This document contains forward-looking statements that reflect  
management's current views with respect to future events. The words  
„anticipate,“ „assume,“ „believe,“ „estimate,“ „expect,“ „intend,“ „may, 
“ „plan,“ „project“ and „should“ and similar expressions identify  
forward-looking statements. Such statements are subject to risks and  
uncertainties, including, but not limited to: an economic downturn in  
Europe or North America; changes in currency exchange rates, interest  
rates and in raw material prices; introduction of competing products;  
increased sales incentives; the successful implementation of the CORE  
program by the Mercedes Car Group and the new business model for  
smart; supply interruptions of production materials, resulting from  
shortages, labor strikes or supplier insolvencies; the resolution of  
pending governmental investigations; and decline in resale prices of  
used vehicles. If any of these or other risks and uncertainties occur  
(some of which are described under the heading "Risk Report" in  
DaimlerChrysler's most recent Annual Report and under the heading  
"Risk Factors" in DaimlerChrysler’s most recent Annual Report on Form  
20-F filed with the Securities and Exchange Commission), or if the  
assumptions underlying any of these statements prove incorrect, then  
actual results may be materially different from those expressed or  
implied by such statements. We do not intend or assume any obligation  
to update any forward-looking statement, which speaks only as of the  
date on which it is made.

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