Daimler

Daimler forges closer ties with BAIC

Daimler takes an $820 million stake in China’s BAIC Motor ahead of a future IPO.
<div style="text-align: left;"> China is the fifth-biggest sales market for Mercedes-Benz trucks </div>
<div style="text-align: left;"> China is the fifth-biggest sales market for Mercedes-Benz trucks </div>
February 04, 2013

Daimler has changed the structure of its strategic partnership with Beijing Automotive Group (BAIC) ahead of an expected initial public offering of its passenger-car unit.

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