MMC agrees to pay DaimlerChrysler $680 mn-paper

Newswire

TOKYO, Jan 30 (Reuters) - Japan's Mitsubishi Motors Corp (MMC) has agreed to pay DaimlerChrysler about 70 billion yen ($680.9 million) in compensation for losses suffered after a scandal over defective vehicles, a Japanese newspaper said on Sunday.

MMC will pay DaimlerChrysler 20 billion yen in cash and the remainder in shares in sister company

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