Daimler JV With Foton Signed As Truck Sales Boom

Germany's Daimler has signed a 50:50 joint venture (JV) agreement with Beiqi Foton, the truck subsidiary of its car JV partner Beijing Automotive Industry Holding, making it the first international carmaker to cover all vehicle segments in China. Under Foton's Auman brand, the JV will target the heavy-duty truck segment, where sales rose 165% year-on-year (y-o-y) in Q110, as well as medium-sized trucks and

To read the full article, please choose one of the following options: