— Although capital ties between Mitsubishi Motors Corporation (MMC) and DaimlerChrysler AG (DC) will be dissolved as a result of the sale, ongoing individual alliance projects are progressing smoothly. Those projects include joint development and production of engines, the shared use of vehicle architecture, and the joint production of passenger vehicles. MMC will maintain the relationship with DC as business partners where both parties continue working on individual alliance projects that are mutually beneficial.
Also, Dr. Rüdiger Grube, who has been dispatched from DC, has resigned from his position as non-executive Member of the Board.
