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Exclusive: DaimlerChrysler Plan Full Mitsubishi Takeover - just-auto.com Reports

12 December 2000

Exclusive: DaimlerChrysler Plan Full Mitsubishi Takeover - just-auto.com Reports

    LONDON, Dec. 12 http://www.just-auto.com --
DaimlerChrysler already owns 34% of Mitsubishi but is now looking to
completely take over the Japanese carmaker.
    In the exclusive just-auto.com report at
http://just-auto.com/news_detail.asp?art=20685 Dr. Eckhard Cordes, the
DaimlerChrysler board of management member responsible for Asia, says that
Mitsubishi's debt was the only thing slowing down the takeover.
    DaimlerChrysler, which also has a 10% stake in the Hyundai Motor Company,
is already working on Mitsubishi's role in its global strategy.  However,
Cordes says, "What will define when we can do it, regarding Mitsubishi, is
when their financial performance has improved.  Because we don't want to be
forced to consolidate, fully consolidate, Mitsubishi with the debt burden they
sit on."
    For the full exclusive, please see:
http://just-auto.com/news_detail.asp?art=20685
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professionals worldwide.  Targeted specifically at industry and business
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