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BAIC Motor acquires 35 percent stake in Fujian Benz

BEIJING – BAIC Motor Corp., Ltd., the Hong Kong-listed Chinese brand passenger vehicle subsidiary under BAIC Group, China’s 5th largest automaker by sales, has acquired a 35 percent stake in Fujian Benz Automotive Ltd. (FBAC) from Fujian Motor Industry Group Corp. A strategic cooperation framework agreement was signed in the

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