Mitsubishi Motors Corp. is seeking a stake in troubled Beijing Jeep Corp., the joint venture between its alliance partner, DaimlerChrysler AG and Beijing Automotive Industry Corp. Mitsubishi Outlander CUV will freshen Beijing Jeep’s lineup. The parties signed a letter of understanding regarding the JV on March 25. DC owns 42.4% of Beijing Jeep, with state-owned BAIC holding 57.6%. “Mitsubishi will become a new shareholder, and this will usher our cooperation onto a new ...
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