Germany casts a wary eye toward Chinese firms owning 20% of Daimler - Motorgen - Automotive Events, Meets, Cruises and Forums

RSS Reader · 12-19-2019, 11:01 AM

Germany is closely monitoring developments at Daimler after a second Chinese company moved to take a big stake in the maker of Mercedes-Benz cars, an economy ministry official said on Thursday. Reuters reported on Sunday that Daimler's main Chinese joint venture partner BAIC planned to double its stake to around 10% in order to upstage rival Chinese automaker Geely, which owns 9.69% of the German company. "So the Economy Ministry is naturally monitoring the situation closely," the oContinue reading Germany casts a wary eye toward Chinese firms owning 20% of Daimler
Germany casts a wary eye toward Chinese firms owning 20% of Daimler originally appeared on Autoblog on Thu, 19 Dec 2019 11:22:00 EST. Please see our terms for use of feeds.

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