17 June 2004

Crisis-hit Mitsubishi Motors had a major board reshuffle last week, with the departure of DaimlerChrysler’s remaining boardroom influence – including French design chief Olivier Boulay (right).

A big investment by Mitsubishi’s Japanese parent companies included a new share issue of $4bn (£2.2bn) of stock, cutting DaimlerChrysler’s stake from a controlling 37 per cent down to 20 per cent.

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