Automakers

China's BAIC seeks to buy 5% Daimler stake, report says

(Daimler AG - Global Communicatio/Daimler AG)
YS
By:
Yilei Sun, Edward Taylor and Julie Zhu
|
R
By:
Reuters
May 11, 2019 11:25 AM

China's BAIC Group is seeking to buy a stake of up to 5 percent in Daimler as a way to secure its investment in Beijing Benz Automotive, the two automakers' Chinese joint venture, three sources familiar with the matter told Reuters.

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