Geely

FRANKFURT, Germany (AP) Automaker Daimler says its Chinese partner BAIC Group has taken a 5% equity stake, a move Daimler said reinforces the cooperation between the two companies. Daimler, maker of Mercedes-Benz cars, said Tuesday that BAIC acquired the sta…

Beijing Automotive Group (BAIC), Daimler AGs partner in China, has bought a significant chunk of the German automaker. As reported earlier this year, BAIC has acquired an equity interest of approximately five percent in Daimler AG through Investment Global C…

FRANKFURT/BEIJING: China's Beijing Automotive Group Co Ltd (BAIC) has bought a 5per cent stake in Daimler, cementing their long-standing alliance after China's Geely emerged as a potential rival by also taking a stake in the German automaker. BAIC has been D…

By Edward Taylor and Yilei Sun FRANKFURT/BEIJING (Reuters) - China's Beijing Automotive Group Co Ltd (BAIC) has bought a 5% stake in Daimler, cementing their long-standing alliance after China's Geely emerged as a potential rival by also taking a stake in th…

The Lotus Evija has inevitably fallen in the hands of those who use image editing software to create some wacky and/or possible new body styles of certain cars. In this case, it depicts it as a Roadster, which looks very much doable, at a first glance. Now, …

Chinese car maker BAIC has acquired a five per cent share in Mercedes parent company, Daimler, a move welcomed by new Daimler CEO Ola Kallenius. The stakes helps secure BAICs investment in the Chinese Mercedes-Benz manufacturing company Beijing Benz Automoti…

The Chinese market is and remains a crucial pillar of our success not only for sales, but also for our product development and production, Ola Källenius, Daimlers chief executive, said in a statement. China has become an important market for Daimler, account…

FRANKFURT (Reuters) - Beijing Automotive Group Co Ltd said on Tuesday that it had purchased a 5% stake in German luxury carmaker Daimler (DAIGn.DE). Daimler, which since 2013 has held a stake in a Hong Kong-listed BAIC subsidiary, said it welcomed the inves…

FRANKFURT (Reuters) - Beijing Automotive Group Co Ltd said on Tuesday that it had purchased a 5% stake in German luxury carmaker Daimler . Daimler, which since 2013 has held a stake in a Hong Kong-listed BAIC subsidiary, said it welcomed the …

FRANKFURT (Reuters) - Beijing Automotive Group Co Ltd said on Tuesday that it had purchased a 5% stake in German luxury carmaker Daimler . Daimler, which since 2013 has held a stake in a Hong Kong-listed BAIC subsidiary, said it welcomed the …