Daimler

Daimler forges closer ties with BAIC

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

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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