The Nihon Keizai newpaper reports that DaimlerChrysler AG is preparing to pay about 80 billion yen ($675 million) for 40 percent of Mitsubishi Motors Corp.’s (MMC) yet to be set up truck company.

Other reports suggest that MMC is asking for aid from Mitsubishi heavy industries and Mitsubishi Corporation for its debt-ridden truck and bus division.

Go deeper with GlobalData

Go deeper with GlobalData

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

MMC and DaimlerChrysler (a 37% stakeholder in MMC) have been considering plans to spin off MMC’s truck and bus operations into a separate company as early as January 2003.

DaimlerChrysler is said to want to invest further in the truck unit in order to strengthen its position in Asia.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact