Daimler and Foton form joint venture

German car corporation Daimler and Chinese automobile manufacturer Foton Motor have signed a contract to establish a 50:50 joint venture, following approval by the relevant Chinese government authority.

As part of the venture, Daimler will contribute its technological expertise in the area of diesel engines and exhaust-gas systems, so that the Chinese emissions limits ranging up to Euro 5 can be fulfilled.

Both partners will use Foton’s truck brand, Auman, as a platform in China and as a springboard for joint exports.