MITSUBISHI'S fleet customers have been reassured that it is 'business as usual' despite the company's alliance partner having announced it will not increase its stake in the Japanese firm.

The company's future became uncertain last week after DaimlerChrysler said it would not be increasing its 37% stake in Mitsubishi, prompting the three companies behind Mitsubishi Motors Corporation to draw up a medium-term business plan and appoint a new chief executive.

A spokeswoman for Mitsubishi in the UK said: 'It's business as usual for our customers.

'The three companies behind Mitsubishi Motors Corporation are huge and very profitable, and DaimlerChrysler will retain its 37% stake.

'Our contractual agreements to own 50% of the NedCar plant and medium sector platform sharing will continue, as well as our shared engine programmes.'

The Grandis MPV will still go on sale in July and the new Colt will go on sale in September.

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