Projects continue despite Mitsubishi sale

ED RICHARDSON DAIMLERCHRYSLER’S decision to sell its remaining equity stock in Mitsubishi Motors (MMC) will have no effect on current projects and operations between Daimler Chrysler South Africa (DCSA) and Mitsubishi Motors in South Africa, says Annelise van der Laan, spokesperson for DCSA. Van der Laan says that cooperation projects will continue as normal. There is a similar agreement for other countries in Europe, North America and China, where projects involving the joint development and production of engines, the shared use of architecture and the joint production of passenger cars, sports utility vehicles and pickup trucks will continue. On November 11, DaimlerChrysler decided to sell 12.4% – its total capital stock in MMC. This sale is expected to see DCSA’s 2005 financial income improve by about 500 million Euro. Naledi Burwana-Busiwe (2½ months) R72 700 +R1 440 in reimbursments Ronnie Mopp (2 months) R75 000 +R22 842 in travel
and other costs