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Daimler to build Actros heavy truck in China - Handelsblatt

Reuters  |  BERLIN 

(Reuters) - Germany's plans to start building the Actros heavy truck in by the end of the decade, Handelsblatt reported, citing the head of the truck division.

Seeking to expand its role in the world's largest truck market, is targeting a five-digit production number for the Actros, the newspaper quoted Chief Executive Wolfgang Bernhard as saying in an interview to be published on Tuesday.

Western manufacturers are allowed to operate in by forming joint ventures with Chinese partners. Stuttgart-based currently produces with China's Beiqi Foton Motor <600166.SS>.

The two companies are planning to invest a three-digit multi-million amount in local production of the Actros, and alone wants to set up 200 dealer and service stations, Handelsblatt said.

(Reporting by Andreas Cremer; Editing by Ruth Pitchford)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Daimler to build Actros heavy truck in China - Handelsblatt

BERLIN (Reuters) - Germany's Daimler plans to start building the Actros heavy truck in China by the end of the decade, Handelsblatt reported, citing the head of the truck division.

(Reuters) - Germany's plans to start building the Actros heavy truck in by the end of the decade, Handelsblatt reported, citing the head of the truck division.

Seeking to expand its role in the world's largest truck market, is targeting a five-digit production number for the Actros, the newspaper quoted Chief Executive Wolfgang Bernhard as saying in an interview to be published on Tuesday.

Western manufacturers are allowed to operate in by forming joint ventures with Chinese partners. Stuttgart-based currently produces with China's Beiqi Foton Motor <600166.SS>.

The two companies are planning to invest a three-digit multi-million amount in local production of the Actros, and alone wants to set up 200 dealer and service stations, Handelsblatt said.

(Reporting by Andreas Cremer; Editing by Ruth Pitchford)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Business Standard
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Daimler to build Actros heavy truck in China - Handelsblatt

(Reuters) - Germany's plans to start building the Actros heavy truck in by the end of the decade, Handelsblatt reported, citing the head of the truck division.

Seeking to expand its role in the world's largest truck market, is targeting a five-digit production number for the Actros, the newspaper quoted Chief Executive Wolfgang Bernhard as saying in an interview to be published on Tuesday.

Western manufacturers are allowed to operate in by forming joint ventures with Chinese partners. Stuttgart-based currently produces with China's Beiqi Foton Motor <600166.SS>.

The two companies are planning to invest a three-digit multi-million amount in local production of the Actros, and alone wants to set up 200 dealer and service stations, Handelsblatt said.

(Reporting by Andreas Cremer; Editing by Ruth Pitchford)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22