China's BAIC Stock Sinks on Report Daimler May Raise Joint Venture Stake

China’s BAIC Stock Sinks on Report Daimler May Raise Joint Venture Stake

BAIC Motor Corp Ltd’s shares slumped as much as 13.5 percent on Wednesday following a media report saying Germany’s Daimler AG was considering increasing its stake in its joint venture with the Chinese automaker.

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