South-East Motor Corp., which is equally held by Taiwan's China Motor Co. and mainland China’s Fujian Provincial Automobile Industry Corp., is “still in talks with DaimlerChrysler,” South-East Motor spokesman Huang Tao said in published reports.
According to Bloomberg, Taiwan newspaper Commercial Times reported that DaimlerChrysler and China Motor may invest more than $50 million to make Mercedes-Benz trucks in China.
China Motor declined to confirm the talks, saying it doesn't plan to form a joint venture “like the newspaper has described,” spokeswoman Hung Mei-chuan said in Bloomberg.
“China Motor would naturally consider DaimlerChrysler as a joint venture partner, because DaimlerChrysler is a major shareholder of our close partner Mitsubishi,'' Hung said.
Spokesmen from DaimlerChrysler declined to comment.
