DaimlerChrysler Reportedly in Talks With Chinese Truckmaker

DaimlerChrysler AG is in talks with Taiwan's biggest truckmaker and its Chinese partner about forming a joint venture to make trucks in the People’s Republic of China, according to Bloomberg. 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

DaimlerChrysler AG is in talks with Taiwan's biggest truckmaker and its Chinese partner about forming a joint venture to make trucks in the People’s Republic of China, according toBloomberg.

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.

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