Mitsubishi Motors Corp. is selling its 1.71% stake in Hyundai Motor Co. Ltd. for ¥14 billion ($114 million). The stake is being sold to auto parts maker Hyundai Mobis Co. Ltd., which now will have an 11.5% stake in Hyundai Motor. Mitsubishi says the sale is part of its ongoing restructuring plan to reduce debt and improve earnings. The sale will take place between Nov. 1, 2002, and March 15, 2003, Mitsubishi says.
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