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				Daimler Invests Big in China
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						Jul 20, 2012 11:22 AM
					
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					Last Updated: Jul 23, 2012 01:07 AM
				
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				<p>BEIJING &mdash; Daimler, the world&rsquo;s biggest truck maker and the company behind Mercedes, Freightliner, Western Star, Detroit and Fuso, has announced a $166-million investment in a new engine-making plant in China.</p>
<p>According to Bloomberg News, once the new facility in the Hairou district of Beijjng is up and running in 2014, it should be capable of producing up to 45,000 engines a year.</p>
<p>The project is a joint venture with China&rsquo;s Beiqi Foton Motor Co. and the engines will be used in the Auman-branded trucks.<br />Foton and Daimler formed a joint venture in 2010 to build Auman trucks.</p>
<p>Daimler&rsquo;s move is seen by industry watchers as a response to Volkswagen&rsquo;s aggressive expansion efforts since VW merged Scania and Man last year.</p>
<p>The two-branded company is large enough to compete with industry giants Volvo and Daimler and as recently as this week, the Financial Times of London reported that VW is eyeing Navistar.</p>
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