DaimlerChrysler on March 14, 2003, completed a previously announced deal to acquire a 43 percent stake in the commercial vehicle business of the Mitsubishi Motors Corp. The unit was spun off in January 2003 and operates under the name Mitsubishi Fuso Truck and Bus Corp. (MFTBC). DaimlerChrysler also said it expects in the coming weeks that the commercial vehicle business of the Hyundai Motor Co. will be spun off to create the Daimler Hyundai Truck Corporation (DHTC), a company in which DaimlerChrysler is acquiring a 50 percent share.

Originally posted on Fleet Financials

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