China’s BAIC buys 5% Daimler stake to cement alliance
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…
bubmagJuly 23, 2019