The Chinese automotive retailer Zhongsheng Group Holdings has purchased a 70% stake in German car tuning company Carlsson Autotechnik, reports Reuters. Carlsson specialises in the customisation of Mercedes-Benz models. Zhongsheng’s acquisition of the German firm will help it tap China’s nascent customisation market.
Financial details of the acquisition were not revealed.
This article is available only to members of Automotive World. If you are already a member, please login to your account.
Membership starts at just $2.18 per day for access to all Articles, eMagazines, and Webinars.