Skip navigation
Newswire

DaimlerChrysler to halt financial support for MMC

LONDON, April 22 (Reuters) - DaimlerChrysler AG said on Thursday it would not participate in a capital increase planned by Mitsubishi Motors Corp (MMC) and would cease further financial support for the Japanese group.

In a statement, Daimler said it had not been possible to establish a solid financial structure for MMC that was acceptable to the German group.