The German-US firm said the sale would boost its 2005 profits by about €500m (£336m).
It added that current cooperation projects between the two companies would not be affected by the disposal.
Yesterday Mitsubishi posted a net loss of 63.8bn yen (£310m) for the first half of 2005, an improvement of 115bn yen (£558m) on the same period last year.
The Japanese company cited low OEM supply volumes in overseas markets as the main reason behind its struggling performance.
(Source: bbc.co.uk)
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