Daimler, Mitsubishi Reaffirm Alliance
From Associated Press
Automaker DaimlerChrysler said it had signed a contract with Japan’s Mitsubishi Motors Corp. in which the two companies renewed their commitment to joint production and development projects.
The move followed speculation about the future of cooperation between the firms after the U.S.-German automaker in April decided against putting more money into Mitsubishi.
The joint projects include construction of a so-called world engine, shared between Mitsubishi’s Colt and DaimlerChrysler’s SmartForFour, and development of a mid-class car platform.
