Daimler (DAI) signs a long-awaited contract for a truck JV with China's Beiqi Foton Motor Co....

|About: Daimler AG (DDAIF)|By:, SA News Editor

Daimler (DAI) signs a long-awaited contract for a truck JV with China's Beiqi Foton Motor Co. after years spent in negotiations and obtaining regulatory approval. The 6.35B yuan ($937M) venture is part of Daimler's strategy to expand in China and other emerging markets.