The truck sales are forecast by the government to increase to 1.5 million units by the end of the decade, compared with 815,500 in Japan last year.
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Germany to Invest in China
DaimlerChrysler AG is going to buy a stake in China...
DaimlerChrysler AG is going to buy a stake in China's Beiqi Futian Automobile Co. in order to expand in a truck market.
The deal is a part of an $1.1 billion investment. Recently the two companies decided to make cars and trucks in China jointly.
DaimlerChrysler will buy shares from Beijing Automobiles and Motorcycles United Manufacturing Co., Yang Ming, a corporate affairs official at Beijing-based Futian, said.
The truck sales are forecast by the government to increase to 1.5 million units by the end of the decade, compared with 815,500 in Japan last year.
The truck sales are forecast by the government to increase to 1.5 million units by the end of the decade, compared with 815,500 in Japan last year.
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