DaimlerChrysler AG and Beijing Automotive Industry Holding Co. Ltd. receive China’s blessing to build Mercedes-Benz models at a new plant in Beijing. The deal, which was inked yesterday during Chinese Premier Wen Jiabao’s visit to Germany, calls for initial capacity of 25,000 units annually dedicated to C-Class and E-Class output. DC and its joint-venture partner would not specify a timetable for the project, other than to say that construction would begin in the near future. The DC ...

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