
German auto power Daimler could take a stake in its Chinese partner BAIC as it seeks to raise funds on capital markets, Daimler chief Dieter Zetsche said Monday at the Detroit auto show. The huge Chinese carmaker is mulling taking its BAIC Motor unit public, and last week Dow Jones Newswires reported Daimler, the parent of Mercedes Benz and Smart, was weighing taking a 10 percent share in the company. \"BAIC is planning an IPO, we will support that intention,\" said Zetsche. \"In that context of course, we are negotiating what the framework would be.\" Daimler already has joint ventures with BAIC to help the German firm build and market its cars and trucks in China, now the world\'s largest auto market.
GMT 09:47 2018 Tuesday ,23 January
SAP unveils big push into French tech start-upsGMT 05:07 2018 Tuesday ,23 January
Noble Group shares surge 37 percent on buyout talksGMT 19:07 2018 Monday ,22 January
BAKS spent Dh225m on charity projects in 2017GMT 22:52 2018 Sunday ,21 January
French firm "recalls baby milk product"GMT 22:27 2018 Sunday ,21 January
US company plans funds that double bitcoin price movesGMT 21:23 2018 Sunday ,21 January
Pence starts Mideast tour in Egypt amid Arab angerGMT 08:54 2018 Saturday ,20 January
Million-euro bill for firm behind Paris bike-share chaosGMT 10:47 2018 Friday ,19 January
German chemical giant BASF sees 'significant' profit leap

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor