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Article: BUSINESS IN ASIA TODAY - AUG 17, 2004.
- Article from:
- AsiaPulse News
- Article date:
- August 17, 2004
CopyrightCOPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...