Caterpillar, Navistar eye China truck JV

• Source: Ce.cn
• [08:36 August 25 2009]
• Comments

But there have been some early signs that foreign truck makers are staging a comeback with some landmark deals unveiled this year, including MAN's $787-million deal to take 25 percent of Sinotruk and Daimler AG's tie-up with Beiqi Foton Motor Co.

Though local brands made by Dongfeng Motor Group, FAW Group may continue to dominate China's truck market, demand for upscale trucks is expected to pick up over the years as Beijing raises vehicle emission standards further.

Heavy truck sales in China rose 11.75 percent to 541,256 units in 2008, more than double the level in 2003, according to data provided by Nomura Securities.