Mitsubishi at Risk as DaimlerChrysler Drops Out

Deeply in debt, badly hit by scandal in its native Japan, never able to score big in North America, Mitsubishi Motors is being abandoned by DaimlerChrysler, which owns 37% of the company. Though it was planning a bail-out, DC's own shareholders strongly objected and now Mitsubishi is at risk of going under. A new buyer is needed to take over from the Germans, who have enough problems turning Chrysler around. Unless a saviour is found, that could be the end, and even if one comes along with the needed billions, it may prefer to absorb Mitsubishi's car manufacturing facilities, as GM did with Daewoo, and drop the brand.