By on November 5, 2010

Worried about the Chinese grabbing a piece of GM while it’s cheap? Don’t feel like the lone ranger. China is joining  an illustrious circle of investors from Kuwait, Abu Dhabi and around the world and grabbed a “notable” stake in Daimler. An unnamed Chinese institutional investor has bought a chunk of Daimler, as their CFO Bodo Uebber told the Frankfurter Allgemeine Zeitung (FAZ), which sent an advance copy to Reuters.

This is first time an institutional investor from China has invested in the maker of Mercedes-Benz vehicle. “Notable” the investment may be, but it’s below 3 percent. Otherwise, we would know now who put up the cash. In Germany, investors do not need to declare their holdings to the regulator unless a stake exceeds the three percent ownership threshold.

The Chinese hold Daimler (or “Benz” as they call it here) in high regard. China is already Daimler’s largest S-Class market and is well on its way to become the world’s largest market for Mercedes cars.

As far as the vaunted intellectual property goes with which the Chine supposedly will make off the minute they have their nose under the tent: At Daimler, there is more to gain than at GM. Daimler owns part of EADS, makers of the Airbus, missile, satellites and space rockets. They own MTU, Messerschmidt Bölkow Blohm and a long list of other juicy companies.

Get the latest TTAC e-Newsletter!

3 Comments on “China Likes Daimler So Much, They Bought The Company – Well, A Chunk Of It...”


Read all comments

Recent Comments

  • Tstag: A shortage of Lithium just means that ICE cars will go for longer and that many of the brands listed above...
  • nrd515: I live near several assisted living type places. Hell, I’m almost there the way I’m going...
  • mason: “These articles are red meat for commentors like EBFlex who want to sound their propaganda.” And...
  • randy in rocklin: Some guy here in CA got killed as he was stealing a Cat converter under the car, and the owner...
  • randy in rocklin: Some guy here in CA got killed as he was stealing a Cat converter under the car, and the owner...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber