Mitsubishi Motors Corp. will dissolve its engine-production venture with DaimlerChrysler AG by selling its entire stake in the equally owned firm to the German-American automaker, according to MMC officials.

With the dissolution, there will be no more joint ventures between the two companies. MMC terminated its capital ties with DaimlerChrysler in November.

The Japanese automaker has yet to determine the sales price of its stake in the engine venture in Germany, the officials said Monday.