Chinese car maker BAIC in talks to buy stake in Daimler

Beijing-based car maker BAIC is currently in negotiations with Daimler about purchasing a stake in the German luxury automaker.
Before the 2015 Frankfurt motor show kicked off this week, Dieter Zetsche, Daimler’s CEO, confirmed to Reuters that the parent of Mercedes-Benz was in talks with BAIC.
According to Zetsche, the two companies are working together to formulate a plan that would allow BAIC to buy into Daimler without diluting the stakes of current investors, although he stated that