All bbac articles

  • daimler.baic.automotiveit
    Article

    Daimler takes 12 pc stake in China's BAIC Motor

    2013-02-03T19:09:32Z

    Daimler CEO Dieter Zetsche (l) and BAIC ChairmanXu Heyi formally agreed on greater cooperation Feb 1 (Photo: Daimler)Daimler will acquire a 12 pc stake in Beijing Automotive Group's (BAIC) passenger car division, the first time a western carmaker invests directly in a Chinese auto group.The two companies were already ...