Byline: Peter Chang
DaimlerChrysler will continue joint projects with Hyundai despite selling its 10.5 percent stake in South Korea's leading automaker.
D/C, the world's fifth-biggest automaker, said it raised more than $900 million (about [euro]728 million) last week by selling the stake.
D/C and Hyundai are cooperating on parts procurement and the two automakers have a joint venture with Mitsubishi to build a new four-cylinder world engine.
Chrysler will sell Hyundai's Atos and Verna small cars and Starex minivan in Mexico under the Dodge brand.
"All the projects will go on," said DaimlerChrysler spokesman Toni Melfi.
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