BAIC Motor — China is a huge corporation, what the appetite is so great that they want to buy back most of the shares of Daimler AG.
They have long cooperated, the best example — this company Beijing Benz, which is half-owned BAIC, the other part — Daimler. Beijing Benz produces long wheelbase Mercedes-Benz E-Class, C-Class and GLK.
Now the partners are discussing the sale of shares, the decision will be taken before the end of the year.
If BAIC will be the main investor in Daimler, then automatically they become the third automaker in China, which will invest in the production of cars abroad. So, Dongfeng Group has a stake in PSA Peugeot Citroen, SAIC Motor — to General Motors.
