TPX Tuesday, 07/23/19 09:23:46 AM Re: None Post # of 78 Daimler welcomes investment by Chinese partner BAIC July 23, 2019 FRANKFURT — Automaker Daimler says its Chinese partner BAIC Group has taken a 5% equity stake, a move Daimler said reinforces the co-operation between the two companies. Daimler, maker of Mercedes-Benz cars, said Tuesday that BAIC acquired the stake through a fully-owned subsidiary, Investment Global Co. Ltd. Daimler and BAIC have worked in a strategic partnership since 2003 and in 2013 Daimler took a stake in BAIC Motor, a listed subsidiary of BAIC. Daimler currently holds 9.55% of BAIC Motor’s shares. Daimler’s biggest shareholder is Chinese investor Li Shufu, chairman of carmaker Geely, with 9.7%. Kuwait’s Sovereign Savings Fund has 6.8%. The Associated Press https://www.citynews1130.com/2019/07/23/daimler-welcomes-investment-by-chinese-partner-baic/ >>> Trip Advisor IS A GROWING STOCK PICK BOARD NOW <<< *** I take PLUS1 donations *** PREeBCGQKPrikA4C1DmrAizAHFDoiiUZA2