The Ministry of International Commerce and Industry (MITI) in Might 1961 unveiled its primary administrative policy concerning the automotive trade (later referred to as the Specified Business Promotion Invoice). Daimler AG holds a 20% stake in Eicher Motors , a ten.zero% stake in KAMAZ , an 89.29% stake in Mitsubishi Fuso Truck and Bus Company , a 6.75% stake in Tata Motors and a 3.1% within the Renault-Nissan Alliance , a 12% stake in Beijing Automotive Group, and an eighty five% stake in Master Motors Daimler and BYD Auto have a joint venture referred to as Denza , each companies hold a 50-50% stake.
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UPDATE: Regardless of its having lost a sliver of market share during January, Chery introduced that it had the biggest January in its 12-yr historical past, working its folks extra time throughout the Spring Pageant and shifting over 35,000 autos. Honda’s first cars, the T360 mini truck and S360/S500 sportscars, debuted … Read the rest