China’s car maker BAIC invests in Daimler

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The Swabian car maker Daimler is still a piece of Chinese. According to Geely, a manufacturer from China with BAIC in the case of the Germans. At the same time, Daimler is moving forward with another project.

Daimler’s long-standing Chinese cooperation partner BAIC joins as an Investor in the car company. Through a subsidiary, BAIC was involved with five per cent, shared with Daimler on Tuesday. About half of them bought BAIC directly, on the other half of the company to secure the purchase right. BAIC and Daimler have been working together for more than ten years. “We want to strengthen this Alliance through a stake in Daimler,” said Heyi Xu, Chairman of BAIC. The Swabians are, in turn, already since 2013, the shareholders of BAIC Motor.

“This step consolidates our successful partnership and is a sign of their Confidence in the strategy and the future potential of our company,” said CEO Ola Källenius. “The Chinese market is and will remain a key pillar of our success – not only for marketing but also for our development and production,” said Källenius more. Most recently, the new CEO had to announce more bad news, with two profit warnings within a short period of time.

BAIC is holding it with his five per cent, the third – largest single investor after the Chinese car maker Geely-the nearly ten percent of Daimler’s shares and the state Fund of Kuwait. Daimler and BAIC have been working together since 2013 in production, research, development and sales. Since 2013, Daimler is also involved with nearly ten percent of BAIC Motor.

On the stock exchange, the Daimler-title increased by more than three per cent, and were thus to be the biggest winners in the Dax.

Pilot project “Driverless Parking” is progressing

Today, Daimler announced together with the automotive suppliers, Bosch is that you can, in the future, driverless cars completely without human Monitoring in the Parking garage and out of Parking spaces. Your two years ago, presented a pilot project in the Stuttgart Mercedes-Benz Museum have now received approval from the transport authorities – as the first fully-automated driverless Parking system in the world.

Although the cars were able to move in the past without occupants and only controlled by the Computer through the car Park and there is Parking. It had to be a person in the vicinity to intervene in case of emergency. This is no longer necessary in the future. The Whole thing works via the connection of driver assistance systems in the Mercedes vehicles with the Bosch-developed control system in the Park house. The approval is only valid for the Stuttgart-based Park house, you should but have exemplary character for future approvals worldwide, stressed the two companies. The System is also still only with the specially equipped vehicles for the pilot project in the use, not private cars. Bosch and Daimler want to bring the technology, but in series.

hb/dk (dpa,rtr)