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Daimler breaks ground on China multi-purpose vehicles¡¯ plant |
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SHANGHAI (Reuters) -- Daimler AG broke ground on Tuesday on a 208 million euro ($295 million) manufacturing facility in southeastern China that will be able to produce up to 40,000 Mercedes-Benz multi-purpose vehicles per year.The plant in the city of Fuzhou, in Fujian province, is due to start production in 2009 and is jointly owned by Fujian Daimler Automotive Ltd, a three-way tie-up among Daimler, China's state-owned Fujian Motors Group and China Motors Corp of Taiwan, the German firm said in a statement.
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