BEIJING/HONG KONG/FRANKFURT 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.
- von Tom Käckenhoff und Christoph Steitz und Edward Taylor und Arno Schuetze
* Daimler says appreciates BAIC as long-term investor
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BEIJING/FRANKFURT Daimler's main Chinese joint venture partner BAIC Group has signalled its intention to increase its stake in the German luxury car manufacturer, sources briefed on the matter said, after it built up a 5% Daimler holding in July.
By Arno Schuetze, Edward Taylor, Christoph Steitz and Tom Käckenhoff
- von Arno Schuetze und Edward Taylor und Christoph Steitz und Tom Käckenhoff
FRANKFURT, Nov 14 To unclog bottlenecks last
year at his Tesla Inc plant in California, Elon Musk
flew in six planeloads of new robots and equipment from Germany
to speed up battery production for its Model 3.
FRANKFURT To unclog bottlenecks last year at his Tesla Inc plant in California, Elon Musk flew in six planeloads of new robots and equipment from Germany to speed up battery production for its Model 3.
BERLIN Tesla will build its first European factory and design centre near Berlin, giving the U.S. electric car pioneer the coveted "Made in Germany" label just as local rivals Audi, BMW and Mercedes prepare to launch competing cars. | Video
By Tom Käckenhoff, Christoph Steitz, Arno Schuetze and Edward Taylor