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China: Daimler and BAIC Motor extend financial partnership


Chinese carmaker BAIC Motor and Daimler AG, the parent company of Mercedes-Benz, the third largest luxury automaker in the world, have announced plans to expand their ongoing partnership relation. The Chinese automaker will purchase 35 percent of the German company’s Mercedes-Benz Leasing Co, according to a joint statement coming from both firms released this weekend. BAIC Motor is the passenger car ...
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More daimler articles

US: Daimler mulling Sprinter van production in South Carolina
According to a state politician, Germany’s Daimler AG will soon announce that it has decided to begin production of the Mercedes-Benz Sprinter van at the South Carolina factory, adding 1,200 ...
Upcoming Aston Martin SUV could lead to closer tie-up with Daimler
The British luxury car manufacturer said during the press days of the Geneva International Motor Show that it would move to build its first SUV-styled crossover. As the United Kingdom’s last ...
Daimler wants to offset carbon reduction strategy with massive cost cuts
Daimler, the parent company of the Mercedes-Benz and smart brands, among others, has envisioned a strategy to offset the high investments needed to lower the average carbon dioxide emissions. According to ...
Daimler could recalibrate US expansion on currency swings
According to the carmaker’s top labor leader, Michael Brecht, Daimler’s production capacity expansion plans in the United States should be actively correlated with the evolution of the euro – dollar ...
Daimler forecasts truck sales of at least 500,000 units in 2015
Daimler, the German automaker that is also involved in the heavy trucks business, announced it expects truck deliveries to surge past the 500,000 vehicles mark this year and rise to ...
Daimler gives its CEO a pay raise of 1.4%
Chief executive officer Dieter Zetsche has received a salary upgrade of 1.4 percent from Germany’s Daimler after in 2014 the executive steered Mercedes-Benz, the world’s third largest luxury automaker, to ...
Daimler has continued faith in China leader
The German automaker, the parent company of the Mercedes-Benz brand, the third largest in the premium segment in the world, has opted to keep its regional China boss in the ...
China: Mercedes mulls 10 percent delivery jump for 2015
German premium automaker Daimler, the parent company of Mercedes-Benz – the world’s third largest luxury carmaker – has established a target of at least 10 percent sales growth in China ...
Germany: prosecutors end probe on Daimler collusion with former Merkel aide
Berlin’s prosecutors decided to end the investigation that sought to find whether Daimler AG and its chief executive officer "granted undue advantage" to one of the company’s recently hired lobbyists ...

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