The impact on its Chinese cooperation partners brought by DaimlerChrysler’s alteration is now showing gradually. Beiqi Foton has recently announced that the completion time and deadline for DaimlerChrysler subscribing for Foton’s stocks will be postponed for six months. Insiders say that DaimlerChrysler’s split has affected further development of its projects in China, including Beijing-Benz. According to a manager from BAIC, a formal dealing result about Beijing-Benz and DaimlerChrysler’s other investment projects in China will be available after September. Germany’s MAN AG and Weichai Power will launch a joint venture so as to maintain a long-term cooperation relationship. President of MAN AG claims that the two parties have signed an intention letter. He says that MAN must come to China because the Chinese market is too important. At least, MAN will enlarge the cooperation with Weichai Power and to increase investment in China.
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