GERMANY: DaimlerChrysler talks over China heavy truck JV fail – paper
DaimlerChrysler AG's two-year long talks with Chinese vehicle maker FAW Car Co. Ltd. about a joint venture in heavy truck production have failed, German daily Handelsblatt said, citing company sources.
DaimlerChrysler AG’s two-year long talks with Chinese vehicle maker FAW Car Co. Ltd. about a joint venture in heavy truck production have failed, German daily Handelsblatt said, citing company sources.
The paper cited observers as saying talks failed over FAW’s unwillingness to have a minority stake in the joint venture over the medium term. Talks with other partners are already under way, the report added.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Neonode has won the Innovation Award for Driver Monitoring Softwarefor its camera-based, MultiSensing®-powered solution that delivers precise hands-on-wheel detection, regulatory-ready safety performance and low-footprint integration. Discover how Neonode is redefining driver monitoring, UX and compliance for next-generation semi-autonomous vehicles.
