Exclusive: China's BAIC raising Daimler stake to unseat Geely as top shareholder - sources

Daimler's main China joint venture partner BAIC Group has set in motion a plan to double its stake to around 10% and win a board seat in the German luxury car maker, as it aims to upstage rival Geely, two sources told Reuters.

from Reuters: Business News https://ift.tt/2RUXKg0