Standard&Poor's said today that the announcement by Germany-based automaker DaimlerChrysler AG (BBB+/Stable/A-2) of the company's intention to strengthen its commercial vehicle alliances with Mitsubishi Motors Corp. (MMC; BB-pi/--/--) and Hyundai Motor Co. (HMC; BB+/Stable/--) will have no impact on the ratings or outlook on DaimlerChrysler. Under an agreement with MMC, DaimlerChrysler will purchase 43% of Mitsubishi Fuso Truck and Bus Corporation (MFTBC) shares for €760 million ($745 million). In a separate agreement with HMC, DaimlerChrysler will take a 50% share of HMC's commercial vehicle business, priced at €400 million ($392 million). Although strategic move is expected to strengthen DaimlerChrysler's global position in commercial vehicles and result in cost savings as well as improved synergies in the medium term,
