Daimler Divest Yaxing Bus Biz

Commercial Motor
May 21, 2007

In the past, we've questioned the value of Daimler's 24 per cent in Beiqi Foton, on the basis that we weren't sure how it could turn into a JV.Here is news suggesting that the German OEM has divested its stake in bus manufacturer Yaxing Benz. Nothing is certain in the Chinese auto biz, but ridding itself of one JV may allow Daimler to line up another - one involving trucks and BF.

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