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Essay's paper info
Topic: |
Business
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Number of pages / Number of words: |
7 / 1936 |
Essay's paper body
Daimler Chrysler had a stake in Mitsubishi which was as high as 37%, but as the company didnât participate in a new capital increase in April 2004, was reduced to 22%. DaimlerChrysler sold its MTU Friedrichshafen and Detroit Diesel off-road business to EQT in 2006.
DaimlerChrysler currently holds interests in the following companies:
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DaimlerChrysler announced in April 2006 that they have sold 7.5% of EADS for "approximately ?2.0 billion"
- 85.0% Mitsubishi Fuso Truck and Bus Corporation of Japan.
- Freightliner, LLC
Through the alliance with Mitsubishi Motors Corporation and the investment in the Hyundai Motor Company, DaimlerChrysler had secured very good access to the rapidly growing Asian markets thus ensuring a promising competitive position in the long term...
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