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Chinese investment welcomed
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German carmaker Daimler would welcome a Chinese investor after taking a stake in Beijing Automotive Group, though it has had no sign that this will happen, CEO Dieter Zetsche said.
“We would welcome Chinese investment, although we’re not desperately looking for that, because it’s better for us when China is interested in our fate,” Zetsche said during a discussion in Berlin on Saturday.
He said a possible Chinese investor would need to buy shares in the market, adding that “no other transaction” would be involved.
Daimler is seeking to revive operations in China, where it has fallen behind BMW and Volkswagen’s Audi and fallen out with its dealers.
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