China's BAIC wants to increase share of Daimler beyond its 5% stake

Filed under: Earnings/Financials,Mercedes-Benz

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 relationsh

Continue 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.

Permalink |  Email this |  Comments

from Autoblog https://ift.tt/2KV4cj0