MMC agrees to pay DaimlerChrysler $680 mn-paper


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 Mitsubishi Fuso Truck and Bus Corp., the Nihon Keizai Shimbun said, without citing sources. DaimlerChrysler had demanded compensation for losses ...

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