(chinatrucks.com, Nov. 24, 2009)Recently, German truck maker Man Group moves into emerging markets frequently, especially in the BRIC countries (Brazil, Russia, India and China).

Man Group has bought 25% stake of CNHTC, taken over Volkswagen's truck business in Brazil, found a joint venture in India, construct a new factory in Poland, and targeting the Russian market. Compared to the big moves in emerging markets, Man Group has no activity in United States market.

While after the co-operation between CNHTC and Man Group, CNHTC's market share increased to 20%, Mann hopes they can join the effort with Sinotruk to develop their export business.

On the export side, Man Group also has a 50:50 ownership joint venture with India Force Motor, the enterprise was established in 2006.

Source : Chinatrucks.com

Editor : Ivy

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Tags : Man Export BRIC