DaimlerChrysler Completes Sale Of Mitsubishi Motors Corporation



Disposal of stake in Mitsubishi Motors Corporation now concluded

Stuttgart, Nov 18, 2005

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.

This document contains forward-looking statements that reflect management's current views with respect to future events. The words „anticipate,“ „assume,“ „believe,“ „esti-mate,“ „expect,“ „intend,“ „may,“ „plan,“ „project“ and „should“ and similar expressions identify forward-looking statements. Such statements are subject to risks and uncertainties, including, but not limited to: an economic downturn in Europe or North America; changes in currency exchange rates, interest rates and in raw material prices; introduction of compet-ing products; increased sales incentives; the successful implementation of the CORE pro-gram by the Mercedes Car Group and the new business model for smart; supply interrup-tions of production materials, resulting from shortages, labor strikes or supplier insolven-cies; the resolution of pending governmental investigations; and decline in resale prices of used vehicles. If any of these or other risks and uncertainties occur (some of which are de-scribed under the heading "Risk Report" in DaimlerChrysler's most recent Annual Report and under the heading "Risk Factors" in DaimlerChrysler’s most recent Annual Report on Form 20-F filed with the Securities and Exchange Commission), or if the assumptions under-lying any of these statements prove incorrect, then actual results may be materially differ-ent from those expressed or implied by such statements. We do not intend or assume any obligation to update any forward-looking statement, which speaks only as of the date on which it is made.

Copyright © 2005, DaimlerChrysler AG


Original Poster
Giannis said:
so, who bought the Disposal of stake in Mitsubishi Motors Corporation?

Not sure, perhaps they sold it back to MMC.

Or perhaps its sold on the market as shares.

I really dont know this aspect of the business unfortunatley. :t-hands: