DC, Mitsu to Stick With Programs

Despite DaimlerCHrysler's disinterest in investing more money in Mitsubishi, the companies will continue to cooperate on new engines and shared new vehicle architectures. A statement by the companies countered speculation that Mitsubishi might drop its arrangement to share engineering tasks for a new range of mid-size vehicles for both companies. The agreement applies to all current projects, and does not outline any possible future cooperation. The companies share vehicle architecture on their upcoming small cars, including the new Smart ForFour and an upcoming replacement for the Dodge Neon. In the face of scandal and financial troubles at Mitsubishi, Chrysler declined to invest more in the company this earlier, and as a result its stake in the Japanese company has fallen from more than 37 percent to roughly 25 percent