SHARE THIS ARTICLE

Chinese automaker BAIC could use in the future Mercedes platforms to manufacture vehicles.



As Mercedes struggles to reach its rivals Audi and BMW in China, it came up with a strategic plan which includes buying a 12% stake in BAIC, its local JV partner, for 640 million euro.

    “The value of our stake will continue to grow with every support that we can provide to BAIC. But there is no final decisions, whether components and platforms can be used by BAIC in the future, and if so which ones,” said Finance Chief Bodo Uebber.

But the fact that Mercedes offers BAIC its entire vehicle platforms is seen as a desperate measure and underlines the tough situation which both companies currently face. BAIC plans to boost volumes relying on its new model, the C70G sedan, manufactured on Saab technology, a company which it acquired during its bankruptcy.




Read Article


Chinese BAIC May Use Mercedes Platforms In Upcoming Models

About the Author

Agent009

User Comments

Add your Comments

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters): [img]IMAGE URL[/img]
Example: [img]http://agent001.myautospies.com/images/sample.jpg[/img]