Mitsubishi, DaimlerChrysler to hold talks next week

FRANKFURT May 3, 2004; Japan Today reported that Mitsubishi Motors Corp and DaimlerChrysler AG will hold talks this week to discuss reducing the German company's controlling 37% stake in the Japanese automaker to 33% or 20%, the Financial Times reported Saturday.

The British business newspaper said the proposed move will not involve DaimlerChrysler selling part of its stake, and the holding will instead be diluted by the issue of new Mitsubishi Motors common stock to Mitsubishi group firms and outside investors. (Kyodo News)