Daimler, Volkswagen to sign deals with Chinese partners today
Automakers Daimler AG (DAI.XE) and Volkswagen AG (VOW.XE) will sign deals with Chinese partners on the sidelines of a meeting between German Vice-Chancellor and Foreign Minister Guido Westerwelle and Chinese Vice Premier Li Keqiang on Friday, the German foreign office said Thursday.
The main focus of the meeting between Li Keqiang and Westerwelle in Berlin is to further develop economic and political ties between the countries and to discuss the continuation of reform policies in China, the foreign office said on its website.
In addition to Volkswagen and Daimler, shipping firm Bernhard Schulte GmbH & Co. KG and Oerlikon Neumag Textile GmbH & Co. KG will sign contracts with Chinese partners.
A Daimler spokesman told Dow Jones Newswires the company would sign its import plans with China; this formalizes the car import plans for the current year, he said.
A Volkswagen spokesman confirmed that contracts will be signed, but declined to comment on details.
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