Exclusive: Daimler seeks majority control of its main China joint venture

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Exclusive: Daimler seeks majority control of its main China joint venture
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Daimler is seeking to buy a majority stake in its Chinese operations, three peop...

) by 2022, when foreign firms will be permitted to control a non-electric passenger car company in China, prompting Daimler to pursue similar ambitions.Daimler has urged the German government to press Beijing to ease ownership restrictions to ensure a “level playing field,” just as China’s ambassador to Germany warned Berlin not to block China’s Huawei from supplying German telecoms equipment.

Huawei says it is an independent company and dismisses such concerns as baseless attempts by the United States to damage its business and reputation. Staff members drive a Mercedes-Benz A Class L Sedan on the stage during an event marking the start of production of the sedan at a Beijing Benz Automotive Co plant in Beijing, China November 21, 2018. Picture taken November 21, 2018. REUTERS/Sun Yilei

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