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Daimler and Beiqi-Foton launch joint venture in Beijing

BEIJING – Daimler and its Chinese partner Beiqi-Foton held a ceremony to celebrate the reception of the business license for the 50:50 joint venture Beijing Foton Daimler Automotive Co., Ltd. (BFDA) on February 18, according to a company press release. BFDA will enable Daimler’s commercial vehicle division to participate extensively

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Foton-Daimler JV to target medium-end truck market

Foton-Daimler, a 50:50 joint venture between Beiqi-Foton Motor Co. (Foton) and Daimler AG, is expected to start production in 2011, according to Gerrit Marx, president and CEO of Daimler Trucks China. Marx revealed these plans at CBU/CAR’s 2010 Heavy-Duty Seminar in Beijing. As the first step towards global strategic collaboration between

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