Exclusive: Daimler seeks majority control of its main China joint venture
Exclusive: Daimler seeks majority control of its main China joint venture 3HONG KONG/FRANKFURT/BEIJING (Reuters) – Daimler is seeking to buy a majority stake in its Chinese operations, three people familiar with the matter told Reuters, after initial efforts to raise its stake failed and as Chinese investors tighten their grip on the German carmaker. Daimler’s moves come at a time of heightened tension …
News story posted on 2019-12-18T03:09:00.0000000Z