Mitsubishi Motors Corp. spins off its truck and bus operations, Mitsubishi Fuso Truck and Bus Corp., to concentrate on its passenger car business. The spin-off will "substantially reduce interest-bearing debts," says MMC president and CEO Rolf Eckrodt, and allow the auto maker to better take advantage of its alliance with DaimlerChrysler AG. Eckrodt says DC will invest directly in Mitsubishi Fuso, owning a 43% stake, which it will purchase in March for ¥89 billion ($747.8 million). DC ...
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