BAIC Motor, Daimler to Increase Capital in Chinese Car-Leasing JV
05 December 2019 - 10:20PM
Dow Jones News
By Martin Mou
BAIC Motor Corp. (1958.HK) and Daimler AG's China unit (DAI.XE)
have agreed to increase capital in their Chinese car-leasing joint
venture.
BAIC Motor will contribute another 175 million yuan ($24.8
million) to Mercedes-Benz Leasing Co., while Daimler Greater China
Ltd. will raise its capital in the joint venture by CNY325 million,
BAIC Motor said Thursday.
Write to Martin Mou at martin.mou@wsj.com
(END) Dow Jones Newswires
December 05, 2019 06:05 ET (11:05 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Mercedes Benz (PK) (USOTC:DMLRY)
Historical Stock Chart
From Apr 2024 to May 2024
Mercedes Benz (PK) (USOTC:DMLRY)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Mercedes Benz Group AG (PK) (OTCMarkets): 0 recent articles
More Daimler (PC) News Articles