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Latest news on truck multinationals

By Hao Zhou (chinadaily.com.cn)
Updated: 2007-05-22 11:18

Special coverage: Auto Shanghai 2007
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Related readings: Hongyan develops natural gas trucks Large-power, multi-axle trucks favored 2007 development plan of heavy-duty truck producers

DaimlerChrysler, which has a 24 percent share in Beiqi Foton Motor Co Ltd, is negotiating withBeijingAutomotive Industry Holding Co Ltd, parent of Beiqi Foton, to build a truck factory together.

Meanwhile, Volvo is seeking cooperation with Dongfeng Motor Corporation and plans to operate Dongfeng as the fourth brand under its name.

French automaker Renault is waiting for the results of the negotiation between Volvo and Dongfeng to see what its next step is.

Fiat is expecting the success of a joint venture between Iveco, its unit, andShanghaiAutomotive Industry Corp this year. The joint venture will have a 67 percent stake inChongqingHongyan Motor, which will produce an Iveco heavy truck model called the Stralis in China.

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The full text is available in the May Issue ofAutoChina.