Renschler to plan Mitsubishi restructuring-sources

Newswire

STUTTGART, Feb 19 (Reuters) - Andreas Renschler, head of DaimlerChrysler's Smart cars division, is to prepare a rescue plan for Mitsubishi Motors Corp. but will not necessarily become its new boss, company sources said on Thursday. The sources told Reuters that DaimlerChrysler AG, which owns a 37-percent stake in Mitsubishi Motors, would send Renschler to prepare a restructuring plan for the loss-making Japanese carmaker, but this did not mean he would replace Chief Executive Rolf Eckrodt. ...

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