DaimlerChrysler has sold its remaining 12.4% stake in Mitsubishi Motors to investment bank Goldman Sachs.
German-US firm DaimlerChrysler said the sale would boost its 2005 profits by about 500m euros ($588.9m; £336m).

It added that current cooperation projects between the two companies would not be affected by the disposal.

Struggling Mitsubishi Motors is trying to return to profitability. Earlier this year DaimlerChrysler refused its call for financial support.

And then three days later

Investment bank Goldman Sachs has sold on a 12.4% stake in Mitsubishi Motors, just three days after buying it from German carmaker DaimlerChrysler.
The new buyers of the shares have not been named, but analysts believe Goldman Sachs has sold them to global institutional investors.

Shares in Mitsubishi Motors, Japan's only loss-making carmaker, fell 11% on the news.

Commentators said investors were not pleased by the quick resale.
"Investors are turned off by the frequent changes in MMC's [Mitsubishi Motors] stakeholders, especially given that the company is going through restructuring now," said Nagayuki Yamagishi, strategist at Mitsubishi UFJ Securities.
Mitsubishi Motors has been struggling in the face of a defect scandal.

Last week Mitsubishi said sales were recovering in Japan and Europe, but were still falling in the US.