Tuesday, June 28, 2011

Daimler is investing heavily in China

The Daimler AG and its Chinese partner Beijing Automotive Industry Corporation (BAIC) have signed today in the presence of Federal Chancellor Dr. Angela Merkel and Chinese Premier Wen Jiabao of a strategic framework agreement. The two companies plan to expand their cooperation in China. The joint venture Beijing Benz Automotive Co., Ltd..

(BBAC) are converted to a total of around € 2 billion

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