OTHER NEWS - Oct. 11, 1991
From Times Staff and Wire Reports
Mitsubishi May Buy Chrysler’s Stake in Venture: Mitsubishi Motors Corp. will sign an agreement this month to take over Chrysler Corp.’s stake in their joint venture, Japan’s leading economic daily reported. Nihon Keizai Shimbun said Japan’s third-largest auto maker will buy the troubled U.S. firm’s stake in Illinois-based Diamond Star Motors Corp. for $100 million. Diamond Star, established on an equal footing by the two companies in 1985, started production three years later. It produced 148,532 units last year, 40% under the Mitsubishi name.
