Sunday, February 17, 2013

Daimler to Take a 12% Stake on Chinese Car Maker




Daimler, the German auto maker has agreed to buy 12% stake in Chinese car maker BAIC motor. This is a move that Daimler makes in order to compete better with BMW and Audi on the Chinese Luxury Market.
(for car emergencys, call nyc towing service)

Daimler will take 2 places on BAIC board of directors and will let the Chinese company have full control of local production of its two Mercedes Benz  vehicles. BAIC is scheduled to have a public IPO sometime in the next 2 weeks.

Last year the German car maker started a restructuring program aim to change around slow car sales in China. Currently its cars placed only third after BMW and Volkswagen.  The restructuring program including the appointment of a new director for China, the executive Hubertus Troska.

Mercedes- Benz reported an increase of less than 2% in 2012 compare to a year early while Audi and BMW posted 30% and 40% growth respectively,

Related Media: Mercedes- Benz 2013




uptownautorepair.net - best auto repair nyc 


7 comments:

  1. I stumbled upon by this blog because of its well content but supposedly I'm still looking for the post of auto body repair and service. Thanks!

    ReplyDelete
  2. Serious lover of your blog, a considerable number of your blog posts have really helped me out. Looking towards updates!

    ReplyDelete
  3. I would like to thank you for the efforts youve got produced in writing this article.

    ReplyDelete
  4. The guys who are passionate about their ride will also look for the best deal for maintenance and repairs. Due to various reasons they may not end up the search with full satisfaction. So reading blogs like this helps them to select the service perfectly.

    Subaru Mechanic Edmonton

    ReplyDelete
  5. As nice blog,but you could have made this http://www.caessaywritingservice.com blog more cool if you could configure the language changer pluigin but all the same you have done a good job:)

    ReplyDelete