DaimlerChrysler will build trucks in China

Daimler and Foton Motor have signed a joint venture contract and receive approval to produce trucks in China. Daimler plans a production of medium and heavy trucks Auman brand, Mercedes-Benz technology.

Daimler and Foton Motor have made significant progress regarding negotiations on a joint venture equally. The contract was signed in the presence of German Chancellor, Ms. Angela Merkel and Prime Minister Republic of China, Wen Jiabao. The contract was approved by Chinese government authorities authorized.

"The combination with Foton Motor is a key step in implementing our strategy for China. It strengthens our position by addressing all market segments and demonstrate the same time that we fulfilled what we promised, taking full advantage of the enormous potential of China and other growing countries, "commented Dr. Dieter Zetsche, Daimler AG CEO, about signing ceremony.

"Approval by the NDRC (National Development and Reform Commission (China)) association with Foton Motor in China is a key step in Daimler Trucks' overall strategy," said Andreas Renschler, member of the Board and CEO of Daimler Daimler Trucks and Daimler Buses. "This combination represents an excellent springboard from which we can achieve the objectives of growth, profitability and expansion in China, with photons as a global partner, and international markets."

"By establishing the new joint venture with Foton Motor, Daimler became the first and only international car manufacturer that has successfully enhanced cooperation with China in respect of all segments of the local automotive industry," explained Ulrich Walker, CEO and President of Daimler North East Asia. It adds that "only the desired depth and long-term commitment which DaimlerChrysler and China were taken over all possible joint venture projects."

"We are delighted to have Daimler Trucks largest truck manufacturer in the world as a strategic partner for subsidiary Baicului, Foton Motor," said Xu Heyi, President of Baicului. "And we're very excited that by signing this joint venture, our collaboration with Daimler became deeper. Daimler is one of our most important strategic partners, the long friendship that binds us. "
"We use special technological expertise of Daimler Trucks to expand our activities by commercial vehicles. Completion of this association marks our first step towards business and global collaboration, "added Wang Jingyu, CEO and President of Foton Motor.

Daimler contribution to this joint venture will consist of technological expertise, particularly in terms of technology diesel engines and gas evacuation systems - so that limits emissions from China to the Euro 5 can be met. Both partners will use the brand as a platform Auman trucks in China, as a springboard for exports in common. In addition to sales and service network in the medium and heavy trucks, Foton will contribute to this joint venture and know-how Chinese and Asian market. Photon has seen a rapid development since its entry in 1998 the business market with trucks. In the past year, Foton has sold 82,234 units of heavy trucks, already playing an important role in China truck segment.

Foton Motor is a subsidiary of Beijing Automotive Industry Corporation (Baicului). Association with Daimler, will expand its industrialization in China so that it includes in addition to cars and trucks and light commercial vehicles.

Source: http://www.daimler.com/

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