BFW 08/26 20:25 *CHINA'S BAIC GROUP IN TALKS TO BUY STAKE IN DAIMLER: BJ TIMES
China’s BAIC in Talks to Buy Stake in Daimler: Beijing Times
2015-08-26 20:39:57.63 GMT
By Huang Zhe
(Bloomberg) -- BAIC Chairman Xu Heyi said co. may become a
major holder of Daimler after stake purchase, Beijing Times
reports, citing Xu’s comment on Monday.
* Talk may be completed by yr-end
* To cooperate on R&D of alternative-energy vehicles
* Beijing Benz may export E-class and C-class cars to
Southeast Asia
* NOTE: Monday, Daimler pledged to keep up its investments in
China after the country’s biggest stock-market rout since
2007
For Related News and Information:
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First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Huang Zhe in San Francisco at +1-415-617-7003 or
zhuang37@bloomberg.net
To contact the editor responsible for this story:
Clyde Eltzroth at +1-212-617-1879 or
celtzroth1@bloomberg.net
2015-08-26 20:39:57.63 GMT
By Huang Zhe
(Bloomberg) -- BAIC Chairman Xu Heyi said co. may become a
major holder of Daimler after stake purchase, Beijing Times
reports, citing Xu’s comment on Monday.
* Talk may be completed by yr-end
* To cooperate on R&D of alternative-energy vehicles
* Beijing Benz may export E-class and C-class cars to
Southeast Asia
* NOTE: Monday, Daimler pledged to keep up its investments in
China after the country’s biggest stock-market rout since
2007
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Huang Zhe in San Francisco at +1-415-617-7003 or
zhuang37@bloomberg.net
To contact the editor responsible for this story:
Clyde Eltzroth at +1-212-617-1879 or
celtzroth1@bloomberg.net