DaimlerChrysler extends influence on Mitubishi

Under the terms of an agreement between the two companies, DaimlerChrysler appoints Rolf Eckrodt as the new Chief Operating Officer at Mitsubishi Motors. DaimlerChrysler AG obtains the right, after a period of three years, to increase without limits the 34 % holding in Mitsubishi it is set to acquire in October.