Daimler eyes stake in unit of China's BAIC - sources

Newswire

By Arno Schuetze and Edward Taylor FRANKFURT, Jan 11 (Reuters) - German luxury carmaker Daimler is eyeing an anchor investment in the passenger car unit of its Chinese partner BAIC Group, in a bid to overcome its weakness the world's largest car market, three people close to the plans said. "When BAIC Motor is floated, Daimler may take a stake of 10 to 20 percent," one of the sources said on Friday, adding the size of the stake depended on discussions with its ...

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