FRANKFURT, Germany (AP) Shareholders in Daimler AG, maker of Mercedes-Benz luxury cars, on Friday approved the spinoff of the company's truck division, a move intended to let the world's largest maker of trucks react faster to change and focus on the new low-emission technologies transforming the automotive industry.
By Reuters Staff
3 Min Read
BEIJING (Reuters) -Daimler AG’s main China joint venture with BAIC Motor plans to add a shift and working days at two Beijing plants that will boost nominal capacity to make Mercedes-Benz cars by 45%, a document on the venture’s Chinese website showed.
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The projected upgrade at Beijing Benz Automotive Co (BBAC), 49%-owned by Stuttgart-based Daimler and the latter’s main business in China, was set out in a document posted on the BBAC website last month to seek public opinion on the expansion.
It comes as demand for BBAC’s luxury vehicles surges in the world’s biggest car market. China is Daimler’s biggest country business, with more cars sold there than in Germany and the United States combined.
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Daimler s China venture aims to raise capacity 45% at Mercedes-Benz plants
FILE PHOTO: Employees walk near a Mercedes-Benz logo in Beijing, China November 17, 2016. REUTERS/Jason Lee
07 Jun 2021 01:20PM (Updated:
07 Jun 2021 03:24PM) Share this content
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BEIJING: Daimler AG s main China joint venture with BAIC Motor plans to add a shift and working days at two Beijing plants that will boost nominal capacity to make Mercedes-Benz cars by 45 per cent, a document on the venture s Chinese website showed.
The projected upgrade at Beijing Benz Automotive Co (BBAC), 49 per cent-owned by Stuttgart-based Daimler and the latter s main business in China, was set out in a document posted on the BBAC website last month to seek public opinion on the expansion.
Daimler s China venture aims to raise capacity 45% at Mercedes-Benz plants: document netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.