Shares in DaimlerChrysler ( DCX) jumped Friday after the German-American automaker said it would not invest anymore money in the troubled Japanese automaker Mitsubishi Motors.

DaimlerChrysler, which holds a 37% stake in Mitsubishi, stopped short of saying it would sell its stake in Japan's fourth largest automaker, according to media reports.

Shares rose $2.35, or 5.4%, to $45.59.

The German-American automaker had been expected to inject more money into Mitsubishi, which is losing money, as part of a larger multi-group cash-infusion plan supported by the Japanese government.

Mitsubishi was considered a major element of DaimlerChrysler's Asian strategy.

Mitsubishi shares fell sharply on the news, closing almost 25% lower in Tokyo.