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LOS ANGELES DaimlerChrysler AG today divested itself of its stake in Mitsubishi Corp., including Mitsubishi Motors North America, according to a company statement. DaimlerChrysler held more than 12 percent of Mitsubishi’s stock.
A spokesman for MMNA, Cypress, Calif., said the move would “have no effect on Mitsubishi’s relationship with its marketing.” Omnicom Group’s BBDO in New York is the company’s lead agency.
MMNA released a statement today, which said, “Although capital ties between Mitsubishi Motors Corporation and DaimlerChrysler AG will be dissolved as a result of the sale, ongoing individual alliance projects are progressing smoothly.
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