China: Daimler’s JV with Foton approved

Daimler has announced that the Chinese Ministry of Commerce (MOFCOM) has issued final approval for the creation of the joint-venture company Beijing Foton Daimler Automotive (BFDA) through which Daimler Trucks will gain a 50% stake in Foton Motor’s medium- and heavy-duty truck business. Daimler will contribute its technological expertise to the It’s time to log … Continued

• By Webmaster
• September 26, 2011