WRAPUP 2-DaimlerChrysler pulls plug on Mitsubishi Motors

Newswire

(Recasts, adds fund manager, Mitsubishi restructuring plan) By Alexander Huebner and Chang-Ran Kim STUTTGART/TOKYO, April 23 (Reuters) - DaimlerChrysler AG will no longer bankroll Mitsubishi Motors and may sell its stake, leaving the German auto giant's global strategy in disarray and the future of the ailing Japanese firm in doubt. Chief Financial Officer Manfred Gentz said on Friday that the Stuttgart-based company failed to agree with other Mitsubishi group shareholders on a bailout ...

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