Senior executives from Daimler and BAIC

Mercedes Parent Company Daimler Buys 12 Percent Of China’s BAIC

German auto giant Daimler, the parent company of Mercedes-Benz, is slowly expanding its interest in rival automakers. Already a shareholder in automakers such as Aston Martin, Renault Nissan and Tesla, Daimler has now finalized a deal to buy a 12 percent stake in Chinese automaker BAIC. This marks... read more

November 19, 2013 by 
2005 Saab 9-5 4-door Wagon Linear Grille

Official: Beijing Auto Buys Saab Assets

While Spyker is still being tipped as the front-runner for the purchase of the Saab brand, General Motors has announced today that at least some of the assets of the... read more December 14, 2009 by 

2006 Koenigsegg CCX

Beijing Auto Signs Deal To Acquire Stake In Saab’s New Buyer

General Motors and Koenigsegg Group AB, a consortium led by supercar manufacturer Koenigsegg, reached an agreement last month over the sale of Saab after nearly two decades... read more September 9, 2009 by 


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