DaimlerChrysler AG ended its ill-fated involvement with Mitsubishi Motors Co. on Friday, selling its 12.4 percent stake in the company to Goldman Sachs for an undisclosed price.
The German-American car maker once held 37 percent of Mitsubishi Motors, but the company decided last year against pumping more money into the troubled Japanese automaker. Before the latest share transaction, DaimlerChrysler was Mitsubishi Motors’ fourth-largest shareholder. U.S. Investment bank Goldman Sachs Group Inc. now becomes Mitsubishi’s largest shareholder with a 13.4 percent stake.
