China's BAIC wants to increase share of Daimler beyond its 5% stake - Motorgen - Automotive Events, Meets, Cruises and Forums

RSS Reader · 11-25-2019, 06:47 AM

BEIJING/FRANKFURT (Reuters) - Daimler's main Chinese joint venture partner BAIC Group [BEJINS.UL] has signalled its intention to increase its stake in the German luxury car manufacturer, sources briefed on the matter said, after it built up a 5% Daimler stake in July. Officials at BAIC's listed company BAIC Motor Corp Ltd said at investor conferences in mid-October that "both sides are willing to increase stakes in the other", responding to questions about future relationshContinue reading China's BAIC wants to increase share of Daimler beyond its 5% stake
China's BAIC wants to increase share of Daimler beyond its 5% stake originally appeared on Autoblog on Mon, 25 Nov 2019 09:00:00 EST. Please see our terms for use of feeds.

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