Daimler sheds engine JV stake to support sales push

Daimler is selling off another peripheral venture as it seeks to bolster finances to support its ambitious sales goals. The OEM has said that its board of management has approved plans to sell the 50% equity interest Daimler holds in the joint venture Rolls-Royce Power Systems Holding (RRPS) to its partner Rolls-Royce plc. It’s time … Continued

• By Megan Lampinen
• March 11, 2014