Daimler takes 12% stake in BAIC Motor

By:

Staff & Wire Reports

November 19, 2013 05:00 AM

Daimler today completed its purchase of a 12 percent stake in BAIC Motor. The German company will pay 625 million euros ($845 million) for a share in the passenger-car unit of its Chinese joint-venture partner, Beijing Automotive Group Co.

Featured Stories

Manufacturing

How steel and aluminum tariffs doubling could impact automakers and suppliers

President Donald Trump doubled tariffs on imports of steel and aluminum to 50 percent effective June 4.

By:

John Irwin

How steel and aluminum tariffs doubling could impact automakers and suppliers

Manufacturing

Bank of America ‘Car Wars’: Automakers pull back hard on EVs, while dealers need to tap lost service via connectivity

By:

Larry P. Vellequette

Bank of America ‘Car Wars’: Automakers pull back hard on EVs, while dealers need to tap lost service via connectivity

Electric pickups got huge hype and preorders — but failed to win over truck buyers

By:

Laurence Iliff

Electric pickups got huge hype and preorders — but failed to win over truck buyers

Volvo

Volvo’s little-used U.S. assembly plant is $1.4 billion migraine

By:

Urvaksh Karkaria

Volvo’s little-used U.S. assembly plant is $1.4 billion migraine

Latest News

That thing’s got a Hemi again: Ram revives its roaring V-8

China mulls safety rules for driver assistance systems

VW troubled Cariad software unit has turned the corner, CEO Peter Bosch says

Ford Vice Chair John Lawler expects more engine outsourcing to suppliers

Staying current is easy with newsletters delivered straight to your inbox.

See More in Newsletters

Guest commentary: For Akio Toyoda’s sake, he must listen to Toyota’s dissatisfied shareholders and reform strategy

Top 5 stories of the week: Women in auto; Birchwood’s latest buy; GM improves profit; more

Staying current is easy with newsletters delivered straight to your inbox.