View Single Post
Old 11-23-2005, 12:14 AM   #9
Jaguar D-Type
Banned
 
Join Date: May 2005
Location: Portland, Oregon
Posts: 2,543
Thanks: 0
Thanked 0 Times in 0 Posts
Re: Re: Mitsubishi to Retire Montero Sport and Diamante

Quote:
Originally Posted by Prime First
What do you mean by "pull the plug?"
Something like this...

DaimlerChrysler sells its Mitsubishi stake

AUTOMOTIVE NEWS

Posted Date: 11/15/05

On Friday, Nov. 11, DaimlerChrysler AG said it agreed to sell its remaining 12.4 percent stake in Mitsubishi Motors Corp. to finance giant Goldman Sachs Group Inc. DaimlerChrysler said it would record a gain of about 500 million euros, or $584.3 million at current exchange rates, for 2005 because of the transaction. The automaker said in a statement that it expects to complete the deal by month end.

DaimlerChrysler and Mitsubishi plan to renew and extend current projects "which are mutually beneficial," DaimlerChrysler said.

Goldman Sachs had no comment on Friday.
Jaguar D-Type is offline   Reply With Quote