DaimlerChrysler Keeps Mitsubishi Shares
STUTTGART, Germany--DaimlerChrysler will hold onto its 37 percent stake in Mitsubishi Motors, said CEO Juergen Schrempp in a letter to the employees.
STUTTGART, Germany--DaimlerChrysler will hold onto its 37 percent stake in Mitsubishi Motors, said CEO Juergen Schrempp in a letter to the employees.
The Associated Press got hold of a letter from Schrempp to the company on Friday. In it, Schrempp said last week's decision not to bail out Mitsubishi "has not altered our strategic goal of establishing firmly our presence in Asia," according to AP. He also said that the company will continue joint projects with Mitsubishi and maintain its holding in it.
Schrempp said the purpose of the letter was to answer concerns raised in all the media coverage of DaimlerChrysler's decision.
Mitsubishi is reportedly working on a $2.3 billion bailout plan, restructuring the proposal for shareholders after learning that DaimlerChrysler had dropped support. Sources at Mitsubishi said the company plans to expand in Southeast Asia and keep its plants in Japan, reported Reuters.
More F&I
Integrating Nontraditional F&I Products
The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.
Read More →
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →
Amplify 2026 Billed as Turning Innovation Into Results
Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.
Read More →
Own Your Outcome: F&I in the Digital Customer Journey
Finance has historically been the last step in the car-buying process, but it doesn’t have to be. The customer’s journey starts long before they arrive at the dealership, and so should F&I’s involvement.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Lifetime Battery F&I Product Meant to Drive Dealer Traffic
EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
Read More →
The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →