Daimler AG to invest in China’s BAIC Motor for a 12 percent stake

February 4, 2013: Daimler AG and Beijing Automotive Group (BAIC) are to significantly deepen their already strong strategic partnership.

04 Feb 2013 | 3240 Views | By Autocar Pro News Desk

February 4, 2013: Daimler AG and Beijing Automotive Group (BAIC) are to significantly deepen their already strong strategic partnership. As per a binding agreement signed on February 1, Daimler AG will invest in BAIC Motor, the passenger car unit of BAIC Group, ahead of an intention by BAIC Motor to ...

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