Thread: Daimler - Kamaz
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Old 15th December 2008, 11:38
Western SMT Western SMT is offline  
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What I didn't say was Daimler had planned buying a 42% stake in Kamaz and became wary of spending too much cash because of the severe downturn in the industry thus reducing it to 10%. Daimler is one of the few makers that still has plenty of cash.
The Russian market is poised to become one of the world's largest for trucks and Kamaz has a 30% market share with revenues of $3.8 billion.
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