Mercedes and BAIC to build more compacts beyond GLA  [ China ]

Daimler AG and its Chinese partner BAIC Motor Corporation signed an agreement on the localization of further Mercedes-Benz compact car models beyond the GLA-Class on October 10. Both companies will invest a total of approximately EUR 4 billion in their joint venture Beijing Benz Automotive Co., Ltd. (BBAC) by 2015, including the agreement signed on the day. The GLA-Class compact SUV will go int...