DaimlerChrysler Sells Share in Hyundai

The Associated Press is reporting that DaimlerChrysler sold its 10.5 percent stake in Hyundai Motors, giving it a nearly 100 percent return on investment.

DaimlerChrysler, which reportedly will raise $900 million from the sale, bought the stake for $484 million in 2000 and 2001. The two companies will continue a working relationship, a spokesperson said.

Strange. I didn't get that kind of ROI when I bought a Hyundai Excel in 1988 for $7,200. I sold it in 1992 for $1,500.

Forbes