It is reported in China that the board of directors of Beijing Benz-Daimler Chrysler Automobile Co Ltd (BBDC), a joint venture between Beijing Automotive Industry Holdings Corp and the former DaimlerChrysler AG, is studying a plan to pay Chrysler USD1bn to withdraw from the joint venture.
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Following the break-up, BBDC would continue to assemble Chrysler models under an OEM arrangement, local media reports said.
The BBDC plant currently builds models including the Mercedes-Benz E-Class and the Chrysler Sebring and 300C
