- Mitsubishi Motors Corporation (MMC) today finalized the sale of 22 percent of its 42 percent stake in Mitsubishi Fuso Truck and Bus Corporation (MFTBC) to DaimlerChrysler. To complete the deal, DaimlerChrysler today paid MMC 52 billion yen.
DaimlerChrysler now holds a 65 percent stake in MFTBC, MMC has a 20 percent stake, and Mitsubishi group companies (Mitsubishi Heavy Industries, Mitsubishi Corporation, The Bank of Tokyo-Mitsubishi, and others) retain their combined 15 percent stake.
