UPDATE 1-Daimler seeks to revive China operations with Beijing Auto deal

Newswire

By Norihiko Shirouzu and Samuel Shen BEIJING Nov 19 (Reuters) - Daimler AG's agreement to buy a stake in Beijing Automotive Group's passenger car unit is part of a strategy to revive its operations in China, where the luxury car maker has fallen behind its German rivals and fallen out with its dealers. The maker of Mercedes-Benz cars hopes closer co-operation with its state-owned local partner will help mend relations with its sales network that were fractured, ...

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