Daimler is joining throngs of other automakers, including Navistar, Nissan
, to establish India
as one of the largest builders of commercial trucks
in the world. Its newest venture involves a partnership between Daimler AG
and India's Hero Group (great name!), with Daimler investing some $420 million for a 60-percent stake in the India-based manufacturer. The venture will involve the creation of light-, medium- and heavy-duty trucks in one of the world's burgeoning production centers that's still got a lot left to build, and although company officials at both corps remained mum on details, expect things to be firmed up in the first quarter of 2008.
[Source: Economic Times via Automotive News – Sub. Req.]