Daimler Trucks considers dissolving joint venture in China

Daimler Truck CEO Karin Radstrom is reportedly considering dissolving its joint venture in China. However, Thomas Hoevermann, head of corporate communications at Daimler Truck Group, said the news has not been officially confirmed. Daimler Truck has a close relationship with Foton Motor and its parent company BAIC Group, but has faced performance pressure in recent years and may need to reassess its strategy in the Chinese market.