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In Germany Mitsubishi is particularly well-known as label name of the Mitsubishi of engine corporation (MMC, jap. Mitsubishi Jidosha Kogyo Kabushiki Kaisha) for automobiles and commercial motor vehicles. The Mitsubishi of engine corporation was created 1917 in Japan.
The supervisory board communicated in the evening 22 of April 2004 the fact that DaimlerChrysler at the capital increase planned by Mitsubishi do not participate and will no longer financially support the enterprise, which belonged to DaimlerChrysler to 37 per cent. The share of the Mitsubishi engine corporation thereupon temporarily of the trade suspended and broke in afterwards by 25 per cent, while the Daimler share rose by nine per cent more highly. Thereupon Rolf Eckrodt withdrew as a chairman of the board of the Mitsubishi engine corporation on 26 April 2004. Meanwhile DaimlerChrysler withdrew itself completely from its commitment with the Mitsubishi of engine corporation.
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