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From Times Staff and Wire Reports

Chrysler May Sell Its Mitsubishi Stake: Analysts said Chrysler Corp. may be close to selling all or part of its 11% stake in Japan’s Mitsubishi Motors Corp., seeking the cash to support its new line of cars. Shares of Mitsubishi Motors tumbled 13% in Tokyo to $4.60 on rumors Chrysler was planning to sell 7 million to 10 million shares of the third-ranked Japanese auto maker, brokers in Tokyo said. Shares of Chrysler slipped 12.5 cents to $17.875 on the New York Stock Exchange. Chrysler declined to comment on the rumors. Chrysler would generate $322 million to $458 million if the rumors prove true, based on Mitsubishi’s current stock price.

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