Energy News  
CAR TECH
China's Foton to form 930-mln-dlr truck partnership with Daimler

by Staff Writers
 Beijing (AFP) Jan 7, 2009
 Chinese auto maker Beiqi Foton said Wednesday it will set up a truck-manufacturing joint venture with German auto giant Daimler AG with a total investment of 6.35 billion yuan (930 million dollars).

Each of the companies will inject 2.8 billion yuan into the 50-50 Beijing-based joint venture, with the remainder to be financed by bank loans, the Chinese firm said in a statement.

Beiqi Foton's contribution will be in the form of an existing plant in the Chinese capital, it added.

The 30-year partnership, named Beijing Foton Daimler Automotive Company Ltd., aims to start producing diesel engines from the end of 2011 and trucks from mid-2012, said the statement filed with the Shanghai stock exchange.

Sales of trucks are expected to reach 100,000 units in 2012 while diesel engine sales are targeted at 45,000 in 2015, it said.

Foton said it plans to cooperate with Daimler to set up further operations in Russia, south Asia and Latin America, it added.

It projected that sales of heavy-duty trucks in China would increase by 18 percent annually in the next couple of years thanks to a 586-billion-dollar economic stimulus package made public late last year by China.

Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
 Car Technology at SpaceMart.com


Memory Foam Mattress Review
SPACE MEDIA NETWORK PROMOTIONS
 Solar Energy Solutions
Tempur-Pedic Mattress Comparison ...
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


CAR TECH
Traffic fatalities in China fall to 73,500 in 2008: report
 Beijing (AFP) Jan 4, 2009
 Nearly 73,500 people were killed in over 265,000 road accidents in China last year, a 10 percent reduction in traffic fatalities over 2007, state press said Sunday.






ENERGY TECH
  • Analysis: Venezuela facing a troubled 2009
  • Analysis: Ukraine-Russia gas row escalates
  • Japan, China to discuss disputed gas field: official
  • Australia's Santos, Apache in 1.3 billion gas deal with Citic

    • CIVIL NUCLEAR
  • Slovakia says it might reopen nuclear plant if gas freeze lasts
  • Niger picks France's Areva to operate giant uranium mine: company
  • French nuclear group Areva seeks US license for uranium plant
  • Japan, South Africa diplomats in running for IAEA top job

    • BLUE SKY
  • Does Global Warming Lead To A Change In Upper Atmospheric Transport
  • Greenhouse gas emissions study released
  • Research Into Fair-Weather Clouds Important In Climate Predictions
  • ESA Tests Laser To Measure Atmospheric Carbon Dioxide

    • WOOD PILE
  • Canada's forests not helping environment
  • Scam artists sell 'forest' lands in barren northern China
  • Real Christmas trees 'greener' than fakes
  • Ghana's 'miracle': logging underwater forests for exotic timber

    • FARM NEWS
  • Put kangaroos, camels on Australian eco-menu: scientists
  • New Use For Human Hair
  • Grazing Animals Help Spread Plant Disease
  • Organic Plant Waste Proves Effective Weed Control For Citrus Trees

    • CAR TECH
  • China's Foton to form 930-mln-dlr truck partnership with Daimler
  • Japan races to build a zero-emission car
  • Traffic fatalities in China fall to 73,500 in 2008: report
  • China's Foton says clean energy car factory opened in Beijing

    • AEROSPACE
  • Cathay Pacific books 7.6 billion HK dollar loss over oil hedging
  • India signs 2.1 bln dollar plane deal with Boeing
  • China Eastern says bailout increased to one billion dollars
  • Britain's environment minister concerned by Heathrow plan

    • NUCLEAR SPACE
  • Nuclear Power In Space - Part 2
  • Nuclear Power In Space
  • Outside View: Nuclear future in space

    • The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement