INTERVIEW-Profit margin key for Daimler to up MMC stake

Newswire

TOKYO, June 25 (Reuters) - Mitsubishi Motors Corp's chief executive, Rolf Eckrodt, said on Tuesday that a five percent operating profit margin was a key target to be met before DaimlerChrysler AG would lift its stake in the Japanese automaker. DaimlerChrysler has a 37.3 percent holding in Japan's fourth-largest automaker, with an option to raise the stake from October 2003. "I think the only criteria for a stronger engagement is the success of the company," Eckrodt told Reuters in his ...

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