DCX Chairman Jürgen Schrempp and Mitsubishi President Katsuhiko Kawasoe made these further points about the alliance:
Mitsubishi's 'sales activities in the USA will continue,' Kawasoe said. 'Someone said that Mitsubishi doesn't have a great market share in the USA. I said, 'Thank God. There's great potential,'' Schrempp said.
Mitsubishi's US factory in Normal, Illinois, will share components and purchasing operations with DaimlerChrysler in the USA, and may supply DaimlerChrysler with vehicles that go beyond the two-door sporty cars which it has supplied to Chrysler.
Mitsubishi's truck venture with Volvo, under which Volvo takes a stake in the parent as well as a 19.9 percent stake in Mitsubishi's spun-off truck and bus operations, remains intact. Schrempp said he would continue to pursue commercial-vehicle opportunities in Asia, but independently.
It's too soon to say how the alliance will affect Mitsubishi's under-utilized factory in Australia, or whether DaimlerChrysler vehicles might be built in a Mitsubishi plant in Japan. 'Anything could happen,' said Kawasoe.