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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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