Mitsubishi Motors to loosen ties with Daimler-paper

Newswire

TOKYO, Aug 26 (Reuters) - Mitsubishi Motors Corp. (MMC) will loosen its business ties with DaimlerChrysler AG because of reduced financial help from the German auto maker, the Nihon Keizai newspaper reported on Thursday. The business daily said the ailing Japanese company would cancel a plan to use common platforms for the two companies' medium-size sedans and instead would use its own existing platform to fully realise its R&D investment. DaimlerChrysler will keep stake in MMC for ...

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