Beijing Automotive Group http://www.globalpost.com/taxonomy/term/29101/all en URGENT ¥¥¥ Daimler says to take 12.0% stake in China's BAIC Motor http://www.globalpost.com/dispatch/news/afp/130201/urgent-daimler-says-take-120-stake-chinas-baic-motor <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>German automaker Daimler said on Friday it had agreed to acquire a 12-percent stake in BAIC Motor, the passenger car unit of China's Beijing Automotive Group (BAIC).</p> <p>"Daimler and Beijing Automotive Group will significantly deepen their already strong strategic partnership," the German group said in a statement. As part of BAIC Motor's planned initial public offering (IPO), Daimler would acquire a stake of 12.0 percent, it said.</p> <p>spm/hd</p> BAIC Motor Beijing Automotive Group Daimler Daimler Transport AFP Fri, 01 Feb 2013 11:15:58 +0000 Agence France-Presse 5742821 at http://www.globalpost.com Daimler says to take 12.0% stake in China's BAIC Motor http://www.globalpost.com/dispatch/news/afp/130201/daimler-says-take-120-stake-chinas-baic-motor <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>German automaker Daimler said on Friday that it has agreed to acquire a 12-percent stake in BAIC Motor, the passenger car unit of China's Beijing Automotive Group (BAIC).</p> <p>"Daimler and Beijing Automotive Group will significantly deepen their already strong strategic partnership," the German group said in a statement.</p> <p>Under a binding agreement signed by Daimler chief executive Dieter Zetsche and BAIC chairman Xu Heyi in Stuttgart, "Daimler is going to invest in BAIC Motor, the passenger car unit of BAIC Group," the statement said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/daimler-says-take-120-stake-chinas-baic-motor" target="_blank">read more</a></p> BAIC Motor Beijing Automotive Group Daimler Daimler AG Transport AFP Fri, 01 Feb 2013 11:45:43 +0000 Agence France-Presse 5742848 at http://www.globalpost.com Daimler puts foot on accelerator in China http://www.globalpost.com/dispatch/news/afp/130201/daimler-puts-foot-accelerator-china <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>German automaker Daimler unveiled plans Friday to boost its position in the fast-growing Chinese market by acquiring for 640 million euros a 12-percent stake in the country's fifth-biggest car group.</p> <p>Daimler -- which at the end of last year created a new position on its management board dedicated especially to China -- said in a statement it had decided to deepen its existing partnership with Beijing Automotive Group (BAIC) by buying a stake in its passenger car unit BAIC Motor.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/daimler-puts-foot-accelerator-china" target="_blank">read more</a></p> Beijing Automotive Group Daimler Daimler AG Technology Transport AFP Fri, 01 Feb 2013 19:30:45 +0000 Agence France-Presse 5743464 at http://www.globalpost.com Daimler puts foot on accelerator in China http://www.globalpost.com/dispatch/news/afp/130201/daimler-puts-foot-accelerator-china-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>German automaker Daimler unveiled plans Friday to boost its position in the fast-growing Chinese market by acquiring a 12-percent stake in the country's fifth-biggest car group.</p> <p>Daimler -- which at the end of last year created a new position on its management board dedicated especially to China -- said in a statement it had decided to deepen its existing partnership with Beijing Automotive Group (BAIC) by buying a stake in its passenger car unit BAIC Motor.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/daimler-puts-foot-accelerator-china-0" target="_blank">read more</a></p> Beijing Automotive Group Daimler Daimler AG Technology Transport AFP Sat, 02 Feb 2013 03:30:45 +0000 Agence France-Presse 5743795 at http://www.globalpost.com Daimler says to take 12 percent stake in BAIC Motor http://www.globalpost.com/dispatch/news/thomson-reuters/131119/daimler-says-take-12-percent-stake-baic-motor <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>BEIJING (Reuters) - Daimler AG &lt;DAIGn.DE&gt; said on Tuesday it will take a 12 percent stake in China's BAIC Motor.</p> <p>"The strategic investment proves our long-term commitment to China and our partner," Dieter Zetsche, Daimler's chairman of the board of management and head of its Mercedes-Benz Cars unit, said in a statement.</p> <p>BAIC Motor will take 51 percent of the manufacturing joint venture with Daimler while the German automaker takes 51 percent of the sales joint venture with BAIC Motor.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131119/daimler-says-take-12-percent-stake-baic-motor" target="_blank">read more</a></p> Beijing Automotive Group Daimler AG Transport Thomson Reuters Tue, 19 Nov 2013 09:51:46 +0000 Thomson Reuters 5993281 at http://www.globalpost.com Daimler takes 12 per cent stake in Chinese partner BAIC to shore up presence in growing market http://www.globalpost.com/dispatch/news/the-canadian-press/131119/daimler-takes-12-cent-stake-chinese-partner-baic-shore-prese <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>BEIJING, China - Daimler AG has taken a 12 per cent stake in its Chinese partner Beijing Automotive Group for 625 million euros ($845 million), expanding its footprint in the fast-growing China auto market.</p> <p>Beijing Automotive, known as BAIC, is one of China's largest automakers and sold 1.7 million vehicles last year. Its decade-old joint venture with Daimler began producing Mercedes-Benz cars in 2006 and this year began making four and six-cylinder engines. It also produces Auman brand medium and heavy trucks.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/131119/daimler-takes-12-cent-stake-chinese-partner-baic-shore-prese" target="_blank">read more</a></p> Beijing Automotive Group Business Daimler AG Social Issues Transport The Canadian Press Tue, 19 Nov 2013 11:46:00 +0000 The Canadian Press 5993353 at http://www.globalpost.com Daimler gets nod from China to take stake in BAIC Motor http://www.globalpost.com/dispatch/news/afp/131119/daimler-gets-nod-china-take-stake-baic-motor <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Germany auto giant Daimler said Tuesday it has been given the green light from China to acquire a 12-percent stake in BAIC Motor, a unit of Beijing Automotive Group.</p> <p>"This important joint move breaks new ground as the first ever investment by a non-Chinese automotive company in a Chinese original equipment manufacturer," the German car maker said in a statement. </p> <p>The move, originally announced in February, is aimed at increasing Daimler's presence in the all-important Chinese market.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/131119/daimler-gets-nod-china-take-stake-baic-motor" target="_blank">read more</a></p> Automotive industry in the People's Republic of China Beijing Automotive Group Business Daimler Transport AFP Tue, 19 Nov 2013 13:32:47 +0000 Agence France-Presse 5993447 at http://www.globalpost.com Daimler gets nod from China to take stake in BAIC Motor http://www.globalpost.com/dispatch/news/afp/131119/daimler-gets-nod-china-take-stake-baic-motor-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Germany auto giant Daimler said Tuesday it has been given the green light from China to acquire a 12-percent stake in BAIC Motor, a unit of Beijing Automotive Group.</p> <p>"This important joint move breaks new ground as the first ever investment by a non-Chinese automotive company in a Chinese original equipment manufacturer," the German car maker said in a statement.</p> <p>The move, originally announced in February, is aimed at increasing Daimler's presence in the all-important Chinese market.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/131119/daimler-gets-nod-china-take-stake-baic-motor-0" target="_blank">read more</a></p> Beijing Automotive Group Business Daimler Daimler AG Transport AFP Tue, 19 Nov 2013 15:17:39 +0000 Agence France-Presse 5993551 at http://www.globalpost.com Daimler signs 1.0-bn-euro production deal with Chinese partner http://www.globalpost.com/dispatch/news/afp/140328/daimler-signs-10-bn-euro-production-deal-chinese-partner <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>German auto giant Daimler said Friday it had signed a deal with its Chinese partner to expand production at their joint Beijing-based venture worth one billion euros ($1.4 billion).</p> <p>The deal, signed with Beijing Automotive Industry Corporation (BAIC Group) during a visit to Germany by Chinese President Xi Jinping, will expand production capacity at Beijing Benz until 2015, it said in a statement.</p> <p>kjm/ric</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> Beijing Automotive Group Daimler AG Transport AFP Fri, 28 Mar 2014 19:33:23 +0000 Agence France-Presse 6107954 at http://www.globalpost.com