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Autos

Daimler in talks for three JVs

DaimlerChrysler is in talks to form three joint ventures in China to build Mercedes- Benz cars and trucks, Frankfurter Allgemeine Zeitung reported.

The US-German company had previously said that it was in talks with Chinese officials to begin assembling Mercedes C-Class and E-Class luxury cars using kits shipped from Germany in a joint venture with a local partner. It is now also discussing building cars and trucks in co-operation with Beijing Automotive Industry Corp and a venture with Southeast (Fujian) Motor Corp to build Mercedes light trucks.

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