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China: Daimler and BAIC expand collaboration

Daimler and its Chinese partner Beijing Automotive Industry Corporation (BAIC) are expanding the scope of their collaboration in China. The partners have signed a strategic framework agreement, calling for a €2bn (US$2.87bn) investment in the joint venture Beijing Benz Automotive Co (BBAC). “With this framework agreement, we are laying the essential It’s time to log … Continued

Daimler and its Chinese partner Beijing Automotive Industry Corporation (BAIC) are expanding the scope of their collaboration in China. The partners have signed a strategic framework agreement, calling for a €2bn (US$2.87bn) investment in the joint venture Beijing Benz Automotive Co (BBAC).

“With this framework agreement, we are laying the essential

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