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  • 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 ...