Daimler stands by Mitsubishi as Japan sales drop


(Recasts, adds Daimler closing price) By Michael Shields and Nathan Layne FRANKFURT/TOKYO, Aug 26 (Reuters) - DaimlerChrysler AG insisted on Thursday that Mitsubishi Motors Corp remained a key Asian ally, even while the scandal-hit Japanese carmaker reported a 52 percent drop in domestic sales in July. The German-American group dismissed as "wrong" a newspaper report that Mitsubishi Motors was set to cancel some joint development pacts that had survived Daimler's surprise decision this ...

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