According to Chinese media reports, German car manufacturer Daimler AG has
formed a new joint venture with domestic producer Fujian Motors Group (FJMG) and Taiwan’s China
Motors Corp (CMC). The new company, Fujian Daimler Automotive Ltd (FJDA), will invest $295 million to
establish a 660,000m2 production facility in Fujian Province, where it plans to employ some 2,8000
workers by mid-2009 and manufacture up to 40,000 vehicles a year.
World Leather Business Week
30.10.2007
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