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Daimler unit gets 15% of truck maker Kamaz

China Daily | Updated: 2019-11-27 17:44
An electric school bus by Daimler Trucks North America on display at the IAA Commercial Vehicles Fair in Hanover, Germany on Sept 19, 2018. [Photo/VCG]

Daimler Truck AG, a subsidiary of German automaker Daimler AG, has acquired a 15-percent stake in Russian truck maker Kamaz. The transaction took place on Nov 15, according to a Kamaz statement on Monday, without elaborating. Kamaz is Russia's top producer of heavy cargo trucks. It also manufactures a broad spectrum of other commercial vehicles, including diesel, gasoline and electric-powered buses.

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