Mitsubishi Motors Corp. will allow a raise in the capital ratio of DaimlerChrysler AG because Swedish truck maker AB Volvo plans to sell its 3.3 percent stake in MMC to DaimlerChrysler to end Volvo's tieup in the truck and bus business, a top MMC official said Tuesday.
DaimlerChrysler is expected to announce at a shareholders meeting today its decision to buy MMC's shares held by Volvo.
MMC is also set to revise the agreement with DaimlerChrysler that restricts the capital ratio of DaimlerChrysler to below 34 percent.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.