Arab Today, arab today daimler ag denies intention to interfere in hyundai motor
Last Updated : GMT 16:22:53
Arab Today, arab today
Arab Today, arab today

Daimler AG denies intention to interfere in Hyundai Motor

Arab Today, arab today

Arab Today, arab today Daimler AG denies intention to interfere in Hyundai Motor

Seoul - Arab Today

Daimler AG has no intention to interfere with Hyundai Motor's joint venture with Beijing Automotive Group (BAIC Group), a top company official said Wednesday, following news of the German carmaker buying a stake in the Chinese company's passenger car unit Dieter Zetsche, chairman of the Board of Management of Daimler AG, said his company's recent deal to buy a 12 percent stake in BAIC Motor, the passenger car unit of BAIC Group, is meant to support BAIC Motor's plan to launch its initial public offering and forge a close strategic partner with the Chinese partner.

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