DaimlerChrysler AG says it will invest up to $195 million in a 3-way joint venture to build Mercedes-Benz Sprinter and Viano vans in China. The auto maker will partner with Fujian Motor Industry Group and Taiwan auto maker China Motor Corp. pending approval of the Chinese government. Initial plans call for production to begin in 2006 at a facility in Fuzhou, in southeast China, at a rate of 40,000 units annually. Fujian Auto is expected to hold a 50% stake in the JV, while DC will own ...
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