DaimlerChrysler sells stake in China bus venture

Newswire

FRANKFURT, May 18 (Reuters) - DaimlerChrysler has sold its stake in a Chinese bus venture to its local partner, it said on Friday, removing an obstacle to a truck business it is trying to establish in the fast-growing Chinese market. "In March we transferred our shares of Yaxing Benz in good faith and friendship to Yangzhou Motor Coach, the other shareholder. We continue to look for other business opportunities," company spokesman Trevor Hale said from China. He gave no financial terms ...

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