UPDATE 1-Mitsubishi move may backfire on Chrysler-analysts

Newswire

(Adds new quote from S&P analyst, 9th paragraph) By Tom Brown DETROIT, April 23 (Reuters) - DaimlerChrysler's decision not to bail out Mitsubishi Motors Corp. could hamper efforts to return its Chrysler division to long-term profitability by driving up product development costs, analysts said on Friday. Chrysler officials repeatedly have touted the savings in development and procurement costs thanks to Daimler's partnership with Mitsubishi, and the U.S.-based unit is involved in ...

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