JAPAN: Mitsubishi/Volvo deal yet to be finalised - FT
Japanese automaker Mitsubishi - part-owned by DaimlerChrysler - has failed to agree financial terms in relation to it selling a 19.9 per cent stake of its commercial vehicle operations to Sweden's Volvo, writes the UK's Financial Times (15/01/01). According to the FT, although the proposal between Volvo and Mitsubishi (MMC) was unveiled in October 1999, senior DaimlerChrysler executives said that the purchase price for the stake has still yet to be negotiated.
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