German automotive manufacturer Daimler has acquired 12% stake in the passenger car unit of its Chinese partner Beijing Automotive Group (BAIC) for $875m. The acquisition will help the company in expanding presence in the world's biggest ...
Tags: Daimler, automotive manufacturer, BAIC
China Knowledge reported that Beijing Benz Automotive Co Ltd a joint venture established by Beijing Automotive Industry Holding Co and German auto giant Daimler AG,has said its auto sales exceeded 100,000 units this year,18 time more than ...
Tags: Beijing Benz, China Knowledge, E Town
ZF Friedrichshafen, a developer of driveline and chassis technologies, has started construction of a new passenger car axles plant in Beijing, China, in order to expand its presence in the region. The company is investing about EUR15m in ...
Tags: ZF, New Car Axles Plant, China