Daimler says to take 12 percent stake in BAIC Motor Daimler AG (DAI.DE) said on Tuesday it will take a 12 percent stake in China's BAIC Motor. "The strategic investment proves our long-term commitment to China and our partner," Dieter Zetsche, Daimler's chairman of the board of management and head of its Mercedes-Benz Cars unit, said in a statement. BAIC Motor will take 51 percent of the manufacturing joint venture with Daimler while the German ...
Nov. 19, 2013 - Reuters via Yahoo! Finance
Daimler Gets Nod from China to Take Stake in BAIC Motor Daimler will acquire a 12% stake in BAIC Motor, a unit of Beijing Automotive Group. Daimler will acquire a 12% stake in BAIC Motor, a unit of Beijing Automotive Group. read more
Nov. 19, 2013 - Industry Week
Arthur Dion Hanna in The Bahama Journal Small businesses will also be supported by enhancing the relationship between the Development Bank, BAIC, the various government loan guarantee programmes, and the government sponsored venture capital programme and the Board,Mr. Hanna said on...