Daimlerchrysler AG agreed yesterday to pay $2.1 billion for a controlling stake in Japan's Mitsubishi Motors Corp (MMC) to form the world's third largest car-making group and gain an valuable foothold in Asia.
DaimlerChrysler failed to secure Mitsubishi's prized truck business, but the deal secures it a key ally for its small cars business.
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/VR3765MFOBH2NMV2QNICYDF67M.png)