Daimler will acquire a 10 percent stake in the share capital of Kamaz from Troika Dialog for 250 million USD to be paid in December 2008. Another one-time payment of up to 50 million USD will be due in 2012 subject to successful business performance of Kamaz. Daimler AG will receive a seat on the Board of Directors of Russia’s largest truck manufacturer, furthermore other rights of Daimler being a minority shareholder in Kamaz, as well as its status of the exclusive strategic partner will be governed and secured by the agreement signed today.
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According to the findings of development engineers at Mercedes-Benz following a fleet test conducted with a total of 1,000 Mercedes-Benz Actros trailer in 2005/2006, half of the serious truck accidents could be prevented. For the purposes of the trial, half of the trucks were equipped with the Lane Assistant, proximity control and stability control assistance systems. The number of accidents for the vehicles fitted with the safety package was shown to be halved compared to the 500 trailer with a conventional specification; furthermore, where an accident did occur, the cost of the damage was 90% lower. The results were derived based on an observation period of twelve months and a… Continue Reading »