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Daimler takes 12% stake in BAIC Motor

S&
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.

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