DaimlerChrysler’s sale of a 12.4% stake in Japanese ally Mitsubishi Motors Corp (MMC) will add EUR501ms (US$585.6m) to 2005 net profit, DC reportedly said on Friday.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


According to Reuters, the carmaker confirmed completion of the sale, which it said generated proceeds of EUR970ms and will improve its 2005 financial income by EUR680m.


A unit of investment bank Goldman Sachs bought the 548.4m MMC shares from DaimlerChrysler and sold them on to institutional investors around the world at JPY257 each, a market source told the news agency.


The sale was the largest ever block trade of Japanese shares, Reuters said, citing data providers Dealogic.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now