China auto dealer Zhongsheng buys 70 pct of German custom specialist

Newswire

* Zhongsheng Group takes stake in Carlsson Autotechnik * Plans to create retail chain to sell super-luxury cars * Mercedes approval means warranties can be maintained * Companies will set up China plants to make Carlsson kits BEIJING, May 25 (Reuters) - Zhongsheng Group Holdings Ltd , a major Chinese auto retailer, announced on Friday it has acquired a 70 percent stake in German vehicle-personalization specialist Carlsson Autotechnik GMBH to meet rising demand from wealthy Chinese car ...

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