US-German company DAIMLERCHRYSLER now has a majority stake in the British Formule1 ILMOR company. Its share has now increased from 25% to 55%. The group has also reached an agreement by which its stake will increase to 100% by 2005. DAIMLERCHRYSLER will be spending USD 700 million in a deal that will see it taking over 43% of FUSO, the lorry division of Japanese company MITSUBISHI MOTORS of which it already has a 37.7% stake.