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Goldman Sachs Mitsubishi stake sold

Goldman Sachs, the investment bank, has sold its 12.4% stake in Mitsubishi Motors, just three days after buying it from DaimlerChrysler.

The purchaser has not been named.

Mitsubishi posted a net loss of 63.8bn yen (£310m) for the first half of 2005 last week, an improvement of 115bn yen (£558m) on the same period last year.

The struggling Japanese company cited low OEM supply volumes in overseas markets as the main reason behind its struggling performance.

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