Beijing Automotive Group, Daimler’s Chinese partner, said it wants to buy a “mid to high-end brand” in Europe or the United States to boost its global presence and it already has candidates in mind.
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Beijing Auto targets three European automakers as potential takeovers
Beijing Automotive Group is eying automakers in Europe as potential takeover targets as it seeks acquisitions abroad to boost its international business.
Investment banks have found three medium-size automakers with “good brand image” in Europe, said Dong Haiyang, president of the company’s newly established BAIC International Development Co.
