Daimler beefs up local JV with BAIC
By Li Fangfang | China Daily | Updated: 2013-08-28 07:58
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German automaker Daimler AG would spend 2 billion euros on a joint venture in Beijing with China's BAIC Motor Group, the funds infusion will finance construction of the world's largest Daimler production facility by 2015. Provided to China Daily |
German vehicle manufacturer Daimler AG is investing 2 billion euros ($2.67 billion) in its local joint venture with China's BAIC Motor Group in Beijing, a funds infusion that will finance construction of the world's largest Daimler production facility by 2015, said company executives.
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