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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

Furthermore, BAIC will increase its stake in the production joint venture Beijing Benz Automotive Corporation (BBAC) by 1% to 51%. At the same time, Daimler will increase its stake in the integrated sales joint venture Beijing Mercedes-Benz Sales Service Corporation (BMBS) by 1% to 51%. BMBS); Mercedes-Benz Auto Finance Ltd.

Chinese 259
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Daimler to take 12% stake in BAIC Motor

Green Car Congress

Joint activities between Daimler and BAIC include BBAC, which has been producing Mercedes-Benz passenger cars since 2006; Beijing Foton Daimler Automotive Co., Daimler in China is based in Beijing and includes Mercedes-Benz (China) Ltd, Mercedes-Benz Auto Finance Ltd, Daimler Northeast Asia Parts Trading & Services Co.,

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Get to Know the IEEE Board of Directors

Cars That Think

Gostin, an active IEEE volunteer, has served on the IEEE Future Directions Committee , on the Board of Governors of the IEEE Computer Society and the IEEE Aerospace and Electronic Systems Society , and as vice president of finance for the IEEE Sensors Council , among many other IEEE roles.

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The Real Story of Pixar

Cars That Think

Then we turned our minds to making a "strategic partnership" with a large corporation instead. But we almost closed a joint deal with two vast corporations, General Motors and Philips. Lucasfilm did go for it, and Steve Jobs became the venture capitalist who financed Pixar. Of the 10 we talked to seriously, 8 turned us down.

GM 145
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Daimler expanding activity in China with 2B investment in JV with BAIC

Green Car Congress

Daimler AG and its Chinese partner Beijing Automotive Industry Corporation (BAIC) signed a strategic framework agreement to further expand their cooperation in China. Local production of Mercedes-Benz passenger cars began in 2006 at the 50/50 joint venture BBAC with the predecessor of the current E-Class.

China 186
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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

Green Car Congress

Corporate disclosure of material climate change-related risks. United Nations Environment Programme Finance Initiative ( UNEP FI ) is a global partnership between the United Nations Environment Program (UNEP) and the global financial sector. An integral part of this should be the removal of fossil fuel subsidies. Resources.

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

According to the study, historically, approximately one of every five vehicles sold is financed by home-value appreciation, a ratio that’s likely to decrease with the continuing stagnancy in home values. million in 2006. House appreciation historically has been used to finance the purchase of a new vehicle about 20% of the time.