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BAIC in talks with Daimler for stake purchase

BAIC in talks with Daimler for stake purchase

The Chinese automaker BAIC Motor is in talks with the German luxury carmaker Daimler AG for a stake into the company, as two sources for Reuters stated. Daimler already has 10% stake in BAIC, Hong Kong’s listed unit of China’s Beijing Automotive Group and discussions on BAIC’s investment in Daimler […]

Daimler would welcome new Chinese investor

Daimler would welcome new Chinese investor

Carmaker Daimler AG expressed its openness to welcome new long-term Chinese shareholders after a media report announced that Chinese automaker BAIC Motor was interested in purchasing a stake from the German automotive company. After the Beijing car manufacturer stated it was looking into investing in a major stake at Daimler, […]

Daimler and chipmaker Qualcomm partner for car-related technology

Daimler and chipmaker Qualcomm partner for car-related technology

German automaker Daimler, the parent company of Mercedes-Benz, the third largest luxury automaker in the world, has recently announced a deal with mobile technology provider Qualcomm Inc. surrounding new technologies for cars. The partnership concerns the automaker’s desire to explore, research and develop wireless recharging capabilities for mobile phones in […]