Localization by Benz: New E-Class sedan and parts suppliers
Daimler AG's joint venture with Beijing Automotive Industry Holding Corp (BAIC) will accelerate its sourcing of locally made parts for production of Mercedes-Benz passenger cars.
Gunter Butschek, president and CEO of the joint venture - which has been renamed as Beijing Benz Automotive Co Ltd as a result of the breakup of Daimler and Chrysler in 2007- said last week that 45-50 percent of parts for Mercedes-Benz cars it is making are purchased in China at present.
"We are still in the process of further localization," Butschek said.
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