It looks like Daimler will go ahead and finalise a stake purchase in BAIC. Reuters, citing China’s National Business Daily newspaper, reports that an official agreement will be signed on 1 February, under which Daimler will acquire a 10-20% stake in the Chinese OEM. BAIC is meanwhile planning to increase its Subscribe to Automotive World … Continued
It looks like Daimler will go ahead and finalise a stake purchase in BAIC. Reuters, citing China’s National Business Daily newspaper, reports that an official agreement will be signed on 1 February, under which Daimler will acquire a 10-20% stake in the Chinese OEM.
BAIC is meanwhile planning to increase its
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https://www.automotiveworld.com/articles/daimler-involvement-to-boost-baic-appeal-ahead-of-ipo/
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