Ailing Mitsubishi Loses Chrysler’s Millions

In a surprising move, Monday saw a complete unloading of Chrysler’s Mitsubishi stake.  Despite a small climb in quarter 3, Mitsubishi remains 26% down for the year. 

Both companies say their strategic partnerships will continue, but a high-level resignation from the Chrysler board by a Mitsubishi exec may not bode well for the health of the alliance.

"Although capital ties between Mitsubishi Motors Corporation (MMC) and DaimlerChrysler AG (DC) will be dissolved as a result of the sale, ongoing individual alliance projects are progressing smoothly. Those projects include joint development and production of engines, the shared use of vehicle architecture, and the joint production of passenger vehicles."

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