. Disposal of stake in Mitsubishi Motors
Corporation now concluded
Sales proceeds of
EUR970 million
Positive impact of
EUR501 million on net income
Stuttgart - DaimlerChrysler
concluded the sale of its stake in Mitsubishi Motors Corporation (MMC).
DaimlerChrysler realized an
amount of EUR970 million from this disposal. Due to the complete sales of
its shares in MMC, DaimlerChrysler's financial income in 2005 will improve
by EUR680 million, resulting in a positive impact on net income in 2005 of
EUR501 million.
On November 11, 2005,
DaimlerChrysler had signed the agreement to sell its remaining 12.4%
equity interest in MMC.
