DaimlerChrysler heads to China

DaimlerChrysler is set to acquire 24% of the Chinese automobile industry “Beiqi Foton Motor Co”. This corporation from China is specialized in the assembly of light weight trucks. This latest move by the German-American auto industry, indicates the importance of the Chinese market in the worldwide industry calculations. Moreover the slow growth of the commercial automobile sector in North America and the Eurozone, drives the sector in seeking investment opportunities in developing regions.

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