Article: BUSINESS IN ASIA TODAY - AUG 17, 2004.

Business in Asia on Aug 17, 2004. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:

DAIMLERCHRYSLER BIDS ADIEU TO HYUNDAI MOTOR

SEOUL - DaimlerChrysler AG, the world's fifth-largest automaker, has sold its 10.5 per cent stake in Hyundai Motor Co. (KSE:05380), ending a four-year strategic alliance. The sale came three months after DaimlerChrysler announced a plan on May 12 to sever its tie-up with the country's largest carmaker. DaimlerChrysler announced Monday it had sold the interest, or 2.29 million shares, to foreign investors for US$912 ...

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