Published on February 4, 2013 by Joey Wang
Daimler secured a stake in its partner BAIC Motor ahead of a planned stock offering by the Chinese carmaker, in an effort to catch up with larger German rivals in what could become the biggest market for luxury cars in the world.
Daimler will pay 640 million euros ($869 million) for a 12 percent stake in BAIC Motor and get two seats on the board in a deal that signals the German company’s intention to reverse its flagging fortunes in China.
Published on February 1, 2013 by Joey Wang
Daimler will sign a deal in Germany on Friday to take a 10-20 percent stake in its Chinese partner, BAIC Group, China’s National Business Daily newspaper said on Thursday.
BAIC, which is planning to take its subsidiary, BAIC Motor, public in 2013 or 2014, will also increase its holding in its 50-50 venture with Daimler’s Mercedes-Benz to 51 percent, the newspaper said, citing unnamed people.
Published on January 30, 2013 by Tycho de Feijter
Chinese media are reporting, quoting “informed sources”, that the Beijing Auto Industry Corporation (BAIC) and Daimler Benz will sign a ‘strategic cooperation agreement’ on February 1 in Germany. Details are scarce, but the sources say BAIC and Daimler will take an interest in each other, ranging somewhere from 10 to 20%.
Published on January 25, 2013 by Joey Wang
The new 2014 Mercedes-Benz E-Class was launched on the Detroit Auto Show earlier this month, and that means the China-made Mercedes-Benz E-L will be renewed as well. The E-L is stretched by 11 centimeters for more space in the back, is it made in China by the Beijing-Benz joint venture.
Published on January 2, 2013 by Tycho de Feijter
Mercedes-Benz recently released the first photos of the new 2013 E-class, and today we have the first photos of the new E-L testing in China. The E-L is a stretched variant of the E-class, made in China by the Beijing-Benz joint venture. The new E-L will be launched on the Chinese auto market in the first half of this year.
Published on December 30, 2012 by W.E. Ning
A baby blue Mercedes-Benz E-L seen on a highway near the great city of Fuzhou in Fujian Province. The normally very boring sedan is seldom seen sexed up, but this blue does the Benz a good. The E-L is stretched by 11 centimeters compared to the German E-series, it is made in China by the Beijing-Benz joint venture, and this is only the second funny one we see after a pinky from Dongguan.
Published on December 20, 2012 by Joey Wang
German automaker Daimler AG has created a 50-50 joint venture with its Chinese partner BAIC Group, to integrate all its sales activities for imported and locally produced cars under one roof.
Announcing the creation of Beijing Mercedes-Benz Sales Service Co Ltd, Dieter Zetsche, the chairman of Daimler’s Board of Management and head of Mercedes-Benz cars, said the new operation would set a course “for long-term and sustainable growth”, in a market which plays “a key element of our Mercedes-Benz 2020 growth strategy”.
Published on December 15, 2012 by Tycho de Feijter
We had the first snow of the year in Beijing on Friday and that is when I found this fine matte white Mercedes-Benz C-Class, parked on a street near my home in the capital. Neatly wrapped over the bumpers but the mirrors are sadly forgotten. Still, a very good looking Benz, especially at night under the street and shopping lights.
Published on November 8, 2012 by Joey Wang
Mercedes-Benz China sales are down 3.9% in October, a decline which Daimler attributed to the “very strong” sales from October 2011. Mercedes-Benz sold 15.900 vehicles in China last month.
Published on October 23, 2012 by Tycho de Feijter
A very pink Mercedes-Benz E-L sedan, seen in the great city of Dongguan in Guangdong Province. The stretched E is an unusual car to pinkefy, we haven’t seen any before at all. Earlier on we met a few other pink Benzmachines: pink C200, SLS AMG, SL63 AMG and an SLK.