TOKYO — Mitsubishi Motors Corp. plans to cut jobs and consolidate purchasing with new partner DaimlerChrysler AG, which in March took a 34% controlling interest in the automaker. The new restructuring plan calls for the reduction of administrative staff by 10%, or 1,000 employees, to 8,900 by April 2004. Mitsubishi and DC reportedly also have plans to develop a compact car, now being called the “Z car,” for the global market in the next four years. Other features of Mitsubishi's ...

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