Zetsche said Daimler benefits if China is “interested in our fate.” Daimler would welcome a Chinese investor after taking a stake in Beijing Automotive Group, though it has had no sign that this will happen, CEO Dieter Zetsche said.
Tag Archives: Beijing Automotive
Daimler takes 12% stake in Beijing Auto
Daimler today completed its purchase of a 12 percent stake in BAIC Motor. The German company paid 625 million euros ($845 million) for a share in the passenger-car unit of its Chinese joint-venture partner, Beijing Automotive Group Co.
Mercedes outlines turnaround plan for China growth
Mercedes-Benz will launch around 20 new or upgraded car models in China over the next two years, part of a broader turnaround effort aimed at reversing the brand’s recent struggles in the world’s biggest auto market.
