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In an exclusive interview with Germany's Manager Magazin, Karin Rådström, CEO of the global commercial vehicle powerhouse Daimler Truck Holding AG, recently revealed that the company is contemplating withdrawing its investment from its struggling joint venture in China. The joint venture, Beijing Foton Daimler Automotive Co., Ltd., a partnership between Daimler and Foton Motor, focuses on the production and sales of Auman and Mercedes-Benz branded trucks. However, the venture has faced significant challenges in recent years, marked by a steep decline in Mercedes-Benz truck sales and an annual loss exceeding 2.7 billion yuan. Daimler's potential exit is driven by a confluence of factors, including drastic shifts in the Chinese heavy truck market and a global strategic realignment.
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