Automaker DaimlerChrysler AG ended its ill-fated involvement with Japan’s Mitsubishi Motors Co. on Friday, selling its 12.4 percent stake in the company to Goldman Sachs for an undisclosed price.

The German-American car maker once held 37 percent of Mitsubishi Motors as part of its goal to become a global auto powerhouse, but the company decided last year against pumping more money into the troubled Japanese automaker.