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Volvo Might Sell Its Mitsubishi Stake Because of Daimler's Control of Firm

By

Scott Miller Staff Reporter of The Wall Street Journal

Updated Feb. 15, 2001 12:32 p.m. ET

PARIS -- It looks increasingly likely that AB Volvo will cash out its stake in Mitsubishi Motors Corp. and kill a wide-ranging joint venture, after the Swedish truck maker's largest shareholder, France's Renault SA, said Volvo's future strategy may not include the Japanese company.

Renault Chairman Louis Schweitzer, who oversees a 20% share of Volvo, said it looks like DaimlerChrysler AG, which holds a controlling stake in Mitsubishi, might want Volvo to end its relationship with the Japanese concern. He asked the...

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Volvo Might Sell Its Mitsubishi Stake Because of Daimler's Control of Firm

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