Exclusive: China’s BAIC Raising Daimler Stake to Unseat Geely as Top Shareholder

New York Times | Dec 15, 2019 at 9:48 AM
  • 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.