AUBURN HILLS — DaimlerChrysler AG tightened its control of beleaguered Mitsubishi Motors Corp. Sept. 8 by renegotiating its purchase price for the Japanese automaker and installing Rolf Eckrodt, previous head of Adtranz, DC's rail system subsidiary, as Mitsubishi's chief operating officer. Instead of increasing its 34% stake in Mitsubishi as had been anticipated, the German-U.S. automaker opted to lower its purchase price to US$1.9 billion from US$2.1 billion, or by 10%. As part of the ...
Premium Content (PAID Subscription Required)
"DC reveals new plans for Mitsubishi" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.