NEWLY APPROVED DAIMLER RUSSIAN TRUCK JOINT VENTURE SHOULD CUT COSTS IN TOUGH MARKET
February 8th, 2015
DAIMLER has told wardsauto that its move to streamline its commercial vehicle operations in Russia will put the company on a sounder footing in this market that has been severely hit by the fall in oil prices and Western economic sanctions. Until now, Daimler has had two joint ventures with Russian truck manufacturer Kamaz OAO: Mercedes-Benz Trucks Vostok OAO and Fuso Kamaz Trucks Rus Ltd, which produce and distribute Mercedes-Benz and FUSO trucks respectively. The European Union’s executive, the European Commission has just (Feb 24) given its competition ...
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