DaimlerChrysler on Thursday said it supports management at Mitsubishi Motors and its efforts to come up with a new business plan but, at the same time, said it was considering all options for its investment in the company, including a possible disposal.
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A Dow Jones report noted that Mitsubishi Motors is struggling with heavy losses and weighing a capital increase to improve its financial situation and that there has been speculation that DaimlerChrysler planned to replace the management, or even unload its 37% holding in the Japanese carmaker.
According to the report, DaimlerChrysler chief executive officer Juergen Schrempp, speaking at the company’s annual press conference in Stuttgart, said: “We’re supporting Mitsubishi management to come up with a solid business plan, and that’s happening at the moment.”
But when asked about the possibility of unloading DaimlerChrysler’s stake, he reportedly didn’t rule out anything, saying, “It’s our job to look into all scenarios”.
DaimlerChrysler chief financial officer Manfred Gentz said there had been no decision on a further investment in Mitsubishi through a capital increase, Dow Jones added.
