.

Web autointell.com

March 16, 2005
.
This Week:

• The refined power of the new Mercedes-Benz M-Class

• Mazda MX-5 3rd Generation Limited to Debut at New York International Auto Show

• GM Selects Kroymans Corporation As Sole HUMMER European Distributor

• HMA Reaches Production Milestone - 500,000th Alabama-built Honda Produced

• Dacia introduces Logan - a new automobile offering in Europe

• DaimlerChrysler and Mitsubishi Motors Corporation conclude final agreement

• Toyota's Zeebrugge Vehicle Centre Handles 1 Millionth Vehicle

• Chance To Stay On First Tee During Buick Open Pro-Am Up For Bid On Ebay

• Enjoy riding a bike without the hassle of gear changes: Mercedes-Benz presents the innovative Automatic Bike

• 2004 - The BMW Group's Most Successful Financial Year

© 1998 - 2005 Copyright & 
Disclaimer
Automotive Intelligence,
www.autointell.com
All Rights Reserved .
For questions please contact
editor@autointell.net

.
DaimlerChrysler and Mitsubishi Motors Corporation conclude final agreement

 

Stuttgart/Tokyo - Effective as of today, DaimlerChrysler and Mitsubishi Motors Corporation concluded a final agreement regarding compensation for quality issues and recalls related to Mitsubishi Fuso Truck and Bus Corporation (MFTBC) based on an earlier Letter of Intent (LoI) agreement between both companies from February 8, 2005.

The main details of the agreement entail the following: a cash payment from MMC to DaimlerChrysler; the transfer of MMC's 20% stake in MFTBC to DaimlerChrysler; the agreement that MMC will continue to maintain 100% ownership of NedCar; additional operative cooperation between MMC and MFTBC in various other areas.

In March 2003 and March 2004, DaimlerChrysler AG acquired a total 65% share in MFTBC, the former commercial vehicle division of MMC.

(Mar 10, 2005)