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Daimler raises possibility of increasing stake in BAIC Motor

Daimler AG has boosted the prospect of increasing its stake in a joint venture with Chinese partner BAIC Motor, Bloomberg reported on Tuesday, mentioning people knowledgeable with the matter.

Daimler has shown an interest in raising its holding in the JV to no less than 65 percent from 49 percent, as per the report.

The talks with BAIC at this stage are exploratory, the report included.

Daimler informed Reuters that the company does not discuss on speculations, but stated was satisfied with its successful set-up in China and its partnerships.

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