Daimler and Foton Motor sign joint venture agreement
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- Date: 16 July 2010
- Description: In the presence of the German Chancellor Dr Angela Merkel and Chinese Prime Minister Wen Jiabao, Daimler and Foton Motor sign a contract in Beijing establishing a 50:50 joint venture between the two companies. The agreement covers plans to produce medium and heavy-duty trucks under the brand name Auman, with local engine technology from Mercedes-Benz.
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