Find or Sell Used Cars, Trucks, and SUVs in USA

Clean Carfax Nav Sunroof P1 Xenons Heated Seats Leather Rearcam Black Low Miles on 2040-cars

US $16,980.00
Year:2008 Mileage:81510 Color: Black /
 Tan
Location:

Houston, Texas, United States

Houston, Texas, United States
Advertising:
Transmission:Automatic
Body Type:SUV
Engine:V6 3.5L
Vehicle Title:Clear
For Sale By:Dealer
Condition:

Used

VIN (Vehicle Identification Number)
: 4JGBB86E38A421586
Year: 2008
Make: Mercedes-Benz
Model: M-Class
Warranty: No
Mileage: 81,510
Sub Model: ML350 4MATIC
Doors: 4
Exterior Color: Black
Fuel: Gasoline
Interior Color: Tan
Drivetrain: AWD

2008 Mercedes-Benz ML350 4MATIC 4-Door SUV
Exterior Color:     Black Interior Color:     Tan Stock Number:421586
Mileage:81,510 Engine:V6 3.5L Fuel:Gasoline
Transmission:Automatic Warranty:As Is - No Warranty Title:Clear
VIN:4JGBB86E38A421586 CARFAX:CARFAX Buyback Guarantee AutoCheck:FREE AutoCheck Vehicle Report
2008 Mercedes-Benz ML350 4MATIC - Photo 1 - Houston, TX 77031
2008 MERCEDES-BENZ ML-350!
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Vehicle Description
Ultimate Motorsport Presents
 
2008 Mercedes Benz ML350 4Matic
All Wheel Drive 
 
NAVIGATION ! SUNROOF ! LEATHER !  ALLOYS ! XENONS ! WOOD !
PREMIUM SOUND SYSTEM !
COLD WEATHER PACKAGE !
REAR CAMERA ! SPOILER !
ALL WHEEL DRIVE ! 4MATIC AWD ! P1 PACKAGE
 
 
CLEAN CARFAX NO ACCIDENTS
CLEAN AUTOCHECK NO ACCIDENTS
CLICK ON CARFAX OR AUTOCHECK LOGO ABOVE FOR FREE FULL REPORT !
 
ADD A 3 MONTH 3,000 MILE WARRANTY
FOR ONLY $ 295
ASK US FOR DETAILS ON A 4 YEAR UNLIMITED MILES NATION WIDE WARRANTY !!
 
PEACE OF MIND ! BUY WITH CONFIDENCE !!
 
60+ PICTURES BELOW AFTER DESCRIPTION
 
THIS CAR IS LOADED WITH THESE OPTIONS:
NAVIGATION WITH VOICE COMMAND
SUNROOF WITH POWER SLIDING GLASS
XENON HEADLIGHTS
TELESCOPING  STEERING WHEEL WITH CONTROLS
CRUISE CONTROL
DUAL ZONE AC AND HEAT
ALARM SYSTEM WITH KEYLESS ENTRY
FULL LEATHER AND WOOD  TRIM INTERIOR
HOMELINK
BLUETOOTH EQUIPPED
IPOD CONNECT
TINTED WINDOWS
3.5 LITER V6 ENGINE
POWER HEATED LEATHER SEATS WITH MEMORY AND LUMBAR
REAR CAMERA
PREMIUM SOUND SYSTEM WITH CD CHANGER AM FM SAT RADIO
POWER WINDOWS AND MIRRORS
POWER LIFTGATE
FOG LIGHTS
TRACTION CONTROL
ALL WHEEL DRIVE/4 MATIC
PREMIUM ALLOY 19’  WHEELS
REAR SPOILER
ROOF RACK
CARGO COVER
REMOTE KEY
 
 
MUCH MUCH MORE SEE IT TO BELIEVE IT !!!
 
Beautiful BLACK on
TAN LEATHER WITH FULL WOOD TRIM  Interior!!
 
Low Buy It NOW or Make us an Offer NOW!!

100% Positive Feedback
OWN THIS BEAUTY at a Fraction of the
Original $ 49,000 Price!!!
COMPARE AT
KELLY BLUE BOOK $ 20,523
NADA RETAIL $ 20,275
OUR BUY IT NOW $ 16,980
WOW ! WHAT A DEAL  !!!
 
 
WONT LAST LONG AT THIS PRICE !!! CALL US TODAY AT
281-506-8808

If You are Looking for a MERCEDES BENZ ML 320 AWD 4 MATIC with all the options with LOW MILES, You Don't Have to Look any Further!!!
DON'T SLEEP ON THIS ONE!

NOTE: JUST LIKE ANY USED VEHICLE FEW VERY MINOR NICK NACKS DUE TO NORMAL WEAR AND TEAR AND ROAD DEBRIS.
REMEMBER: YOU ARE BUYING A TOP LOADED USED VEHICLE IN CLEAN CONDITION NOT A BRAND NEW ONE!

Bid with Excitement & Confidence!!!
Only at ULTIMATE MOTORSPORT !!
Good Luck & Happy Bidding!!!
FOR ANY QUESTIONS FEEL FREE TO CALL US AT
281-506-8808

So, If you are in the market for a LATE MODEL, VERY AFFORDABLE MERCEDES BENZ ML 320 AWD 4 MATIC, then you owe it to yourself to take a closer look

LOW BUY-IT-NOW or MAKE AN OFFER!!!
 
WE FINANCE ! APPLY ONLINE FOR AUTO LOANS AS LOW AS 2.99%

FOR ANY QUESTIONS OR CONCERNS FEEL FREE TO CONTACT @ (281) 506-8808
or email sales
 
DOOR TO DOOR SHIPPING AVAILABLE ASK FOR A QUOTE !
We Export For Canadian Customers
Email:
sales@ultimatems.com
Call
281-506-8808
Visit
10311 Altonbury Lane
Houston TX 77031
 
 
 
Additional Photos
2008 Mercedes-Benz ML350 4MATIC - Photo 2 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 3 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 4 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 5 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 6 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 7 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 8 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 9 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 10 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 11 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 12 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 13 - Houston, TX 77031
POWER SUNROOF!
2008 Mercedes-Benz ML350 4MATIC - Photo 14 - Houston, TX 77031
FULL LEATHER INTERIOR!
2008 Mercedes-Benz ML350 4MATIC - Photo 15 - Houston, TX 77031
TILT STEERING WITH CONTROLS!
2008 Mercedes-Benz ML350 4MATIC - Photo 16 - Houston, TX 77031
81K ORIGINAL MILES!
2008 Mercedes-Benz ML350 4MATIC - Photo 17 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 18 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 19 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 20 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 21 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 22 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 23 - Houston, TX 77031
NAVIGATION KEEPS YOU ON TRACK!
2008 Mercedes-Benz ML350 4MATIC - Photo 24 - Houston, TX 77031
BACK-UP CAMERA!
2008 Mercedes-Benz ML350 4MATIC - Photo 25 - Houston, TX 77031
DUAL CLIMATE CONTROL AND HEATED SEATS!
2008 Mercedes-Benz ML350 4MATIC - Photo 26 - Houston, TX 77031
iPHONE/iPOD CONNECTION!
2008 Mercedes-Benz ML350 4MATIC - Photo 27 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 28 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 29 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 30 - Houston, TX 77031
POWER HEATED SEATS!
2008 Mercedes-Benz ML350 4MATIC - Photo 31 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 32 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 33 - Houston, TX 77031
SPACIOUS 5 PASSENGER SEATING!
2008 Mercedes-Benz ML350 4MATIC - Photo 34 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 35 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 36 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 37 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 38 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 39 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 40 - Houston, TX 77031
PLENTY OF LEG ROOM!
2008 Mercedes-Benz ML350 4MATIC - Photo 41 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 42 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 43 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 44 - Houston, TX 77031
AMPLE CARGO SPACE!
2008 Mercedes-Benz ML350 4MATIC - Photo 45 - Houston, TX 77031
POWER LIFT-GATE!
2008 Mercedes-Benz ML350 4MATIC - Photo 46 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 47 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 48 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 49 - Houston, TX 77031
PREMIUM ALLOY WHEELS!
2008 Mercedes-Benz ML350 4MATIC - Photo 50 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 51 - Houston, TX 77031
2008 Mercedes-Benz ML350 4MATIC - Photo 52 - Houston, TX 77031
Contact Information
Name: Sales Department Main Phone: (281) 506-8808 Alt. Phone: (281) 657-7293
Vehicle Features & Options
Standard Features
Comfort:
  • Active Charcoal Air Filtration
  • Alloy and Wood Center Console Trim
  • Wood Dash Trim
  • Alloy and Wood Door Trim
  • Carpet Floor Mats
  • Front Floor Mats
  • Dual Front Air Conditioning Zones
  • Rear Floor Mats
  • Alloy Shift Knob Trim
  • Leather Steering Wheel Trim
Convenience:
  • Retractable Cargo Cover
  • Front Console With Storage
  • Cruise Control
  • Front and Rear Cupholders
  • Multi-Function Remote
  • 12V Cargo Area Power Outlet(s)
  • 12V Front Power Outlet(s)
  • 12V Rear Power Outlet(s)
  • Power Steering
  • Retained Accessory Power
  • Steering Wheel Mounted Audio Controls
  • Steering Wheel Mounted Phone Controls
  • Tilt and Telescopic Steering Wheel
  • Cargo Net
  • Door Pockets - Front and Rear
  • Front Seatback
  • Grocery Bag Holder
  • Universal Remote Transmitter
Drivetrain /
  Suspension:
  • 4-Wheel ABS
  • 3.90 Axle Ratio
  • Braking Assist
  • Cargo Tie Downs
  • Mechanical Center Differential
  • Descent Control
  • All Wheel Drive
  • Electronic Brakeforce Distribution
  • 13.0 Front Brake Diameter
  • 1.3 Front Brake Width
  • Ventilated Disc Front Brakes
  • Coil Springs Front Spring
  • Independent Front Suspension
  • Double Wishbones Front Suspension
  • Lateral Links Rear Arm
  • 13.0 Rear Brake Diameter
  • 0.6 Rear Brake Width
  • Disc Rear Brakes
  • Coil Springs Rear Spring
  • Independent Rear Suspension
  • Multi-Link Rear Suspension
  • Trailing Arms Rear Suspension
  • Stability Control
  • Front Stabilizer Bar
  • Front and Rear Stabilizer Bar
  • Rear Stabilizer Bar
  • Traction Control
Entertainment /
  Telematics:
  • MP3 Auxiliary Audio Input
  • CD-Controller
  • Clock
  • External Temperature Display
  • Single Disc In-Dash CD
  • Pre-Wired For Phone Phone
  • AM/FM Radio
  • Teleaid Satellite Communications
  • Speed Sensitive Volume Control
  • Tachometer
  • Trip Computer
  • Low Fuel Level Warnings and Reminders
Exterior:
  • Cargo Area Light
  • Daytime Running Lights
  • Exterior Entry Lights
  • Front Fog Lights
  • Auto Delay Off Headlights
  • Dusk Sensing Headlights
  • Fixed Liftgate Window
  • Front and Rear Reading Lights
  • Rear Fog Lights
Header:
  • No Midyear Release
    Rims / Tires:
    • Inside Spare Tire Mount Location
    • Temporary Spare Tire Size
    • Steel Spare Wheel
    • Tire Pressure Monitoring System
    • All Season Tire
    Roof / Glass:
    • Rain Sensing Front Wipers
    • Variable Intermittent Front Wipers
    • Heated Windshield Washer Jets
    • 4 One-Touch Windows
    • Power Windows
    • Remote Operation Power Windows
    • Privacy Glass
    • Rear Defogger
    • Intermittent Rear Wiper
    • Roof Rack
    • One-Touch Sunroof
    • Power Glass Sunroof
    • Remote Operation Sunroof
    Safety:
    • Remote 2-Stage Unlocking
    • Alarm With Remote Anti-Theft System
    • Engine Immobilizer Anti-Theft System
    • Child Safety Locks
    • Child Seat Anchors
    • Heated Exterior Mirrors
    • Heated Driver Mirror Exterior Mirrors
    • Integrated Turn Signals Exterior Mirrors
    • Power Exterior Mirrors
    • Dual Front Airbags
    • Post-Collision Safety System Impact Sensor
    • Occupant Sensing Passenger Airbag Deactivation
    • Remote Power Door Locks
    • Rolling Code Remote Rolling Code Security
    • Front and Rear Side Airbags
    • Front and Rear Side Curtain Airbags
    • Side-Curtain Airbag Rollover Sensor
    • Dual Illuminating Vanity Mirrors
    Seating:
    • 8 Driver Seat Power Adjustments
    • Height Adjustable Driver Seat
    • 2 Front Headrests
    • Driver Seat Active Head Restraint Front Headrests
    • Multi-Adjustable Front Headrests
    • Passenger Seat Active Head Restraint Front Headrests
    • Bucket Front Seats
    • 8 Passenger Seat Power Adjustments
    • Height Adjustable Passenger Seat
    • 3-Point Rear Center Seatbelt
    • 3 Rear Headrests
    • Height Adjustable Rear Headrests
    • Folding With Storage Rear Seat Center Armrest
    • Vents Rear Seat Heat
    • 40-60 Split Bench Rear Seat
    • Split Folding Rear Seat
    • Front and Rear Seatbelt Force Limiters
    • Front and Rear Seatbelt Pretensioners
    View our eBay Feedback:

    eBay Motors
    ultimate_motorsport_inc
    Financing Information
    We Finance ! Rates a slow as 2.99% with Approved credit
    Fill out our credit app today by clicking the link above !
    Shipping Information
    WE SHIP AND EXPORT WORLDWIDE
    GREAT LOW NATIONWIDE US SHIPPING RATES !!
    Canadian Customers Welcome
    Email us your zip code for Special Shipping Rates !
    email sales@ultimatems.com
    If Outside US or Canada email us your Port City and Country
    for a quote !
    Dealership Information
    Ultimate Motorsports
    Main Phone:(281) 506-8808
    Alt. Phone:(281) 657-7293
    Email:sales@ultimatems.com
    Business Hours:
    Weekdays:9:00 AM to 7:00 PM
    Saturday:10 TO 5PM
    Sunday:CLOSED
    Location:
    10311 Altonbury Lane
    Houston, TX 77031
    Map of Ultimate Motorsports at 10311 Altonbury Lane, Houston, TX 77031
    Terms of Sale
    Standard Terms & conditions
     

    PLEASE READ CAREFULLY! BY SUBMITTING A BID, MAKING AN OFFER OR CLICKING THE BUY IT NOW YOU ARE AGREEING TO THE FOLLOWING TERMS AND CONDITIONS.

    Fee and Tax Information: All Texas residents will pay 6.25% state sales tax and $ 133 Title Fee. This only applies to Texas Residents ONLY! Out of State customer only pay :

    All sales are subject to Texas V.I.T. tax based at a rate of .002834% of purchase price and $395.00 Processing fee.

    PAYPAL IS FOR DEPOSITS ONLY. WE DO NOT ACCEPT FULL PAYMENTS THOUGH THE PAYPAL.

    FINANCING IS AVAILABLE WITH APPROVED CREDIT (WAC) ONLY ! ALL BUY IT NOW PRICES LISTED ARE FOR CASH BUYERS OR IF CUSTOMERS ARRANGE THEIR OWN FINANCING !!!

    IF YOU CHOOSE TO CLICK THE BUY IT NOW OPTION YOU ARE REQUIRED TO PICK UP THE VEHICLE LOCALLY AND ADDRESS ANY ISSUES BEFORE THE VEHICLE LEAVES THE LOT.

    Please contact SALES@ultimatems.com or 281-657-7293
    Winning bidder must contact us within 24 hours of auction end, and make arrangements for payment at that time. A $500.00 NON REFUNDABLE deposit is due within 24 hours of end of auction. The remainder is due within 7 days of Auction end. If no contact is made within 24 hours we reserve the right to re-list the vehicle, sell it to the next high bidder, or sell it otherwise.  Most banks and credit unions do not finance vehicles older than 2002 or with more than 100K miles. Make sure if financing, your financial institution accepts the year and miles of this vehicle before bidding. Please arrange financing prior to bidding.
    Buyer is responsible for pickup or shipping of this vehicle. If you wish to have it shipped using a service, we will gladly cooperate, you can locate shippers by doing a search for `auto shippers`.
    If you are not sure about something, Please ASK. Do not assume anything not listed is included. We reserve the right to cancel bids for excessive negative feedback. We reserve the right to end the listing if the vehicle is no longer available for sale.
    Please do not bid on this auction unless you are serious about owning this vehicle.  All non-paying high bidders will be reported to Ebay, and negative feedback posted.
    PLEASE ONLY BID WHAT YOU ARE WILLING TO PAY.  IF THE RESERVE IS NOT MET, WE MAY CONTACT THE HIGH BIDDER TO OFFER THE SECOND CHANCE OPTION.
    By placing a bid on this vehicle you are entering into a legal and binding contract to purchase the above-described vehicle. We reserve the right to cancel all existing bids and end the auction early should the item no longer be available for sale.
    By bidding and buying this auction, you enter a contract that you have read and understood all the terms and conditions of this auction. 
    We reserve the rights to sell the car outside the ebay auctions. We reserve the right to end the auction anytime. We reserve the right to cancel any bid from any bidder. 
    This vehicle is being sold as is, where it is with no warranty, expressed written or implied. In either case, The seller shall not be responsible for the correct description, authenticity, genuineness, or defects herein, and makes no warranty in connection therewith. No allowance or set aside will be made on account of any incorrectness, imperfection, defect or damage. Any descriptions or representations are for identification purposes only and are not to be construed as a warranty of any type. It is the responsibility of the buyer to have thoroughly inspected the vehicle, and to have satisfied himself or herself as to the condition and value and to bid based upon that judgment solely. The seller shall and will make reasonable effort to disclose any known defects associated with this vehicle at the buyer's request prior to the close of sale. Seller assumes no responsibility for any repairs regardless of any oral statements about the vehicle.
    Please understand that the vehicles are Pre-Owned vehicles and at times, the vehicles may come without accessories such as extra keys, cd magazines, navigation discs, floormats, tools, and owner's manuals. Please call for the exact accessories included for the vehicle. 
    Buyer's are responsible for shipping costs.
    All bidders should have all questions answered and loans pre-approved before bidding. Please note that Non paying buyers would be handled by our attorney. Remember buying a car on eBay is legal binding contract.

    All vehicles are sold "AS IS". This is in full accordance with the laws of the State of TEXAS regarding motor vehicle sales. You the buyer/bidder must have a complete understanding that this vehicle is used and we do not know the complete history of this vehicle. We are presenting this vehicle to the best of our knowledge. The accuracy of our description is based on any and all information that we were able to obtain concerning this vehicle either by records, previous owners statements, or other statements if any made by the persons who sold or traded in this vehicle. We ULTIMATE MOTORSPORT Inc or any of its employees or agents will not be held responsible. All buyers are responsible for having an independent inspection completed on their vehicle of inetrest prior to sale or close of auction. You are welcome to fly in or schedule a inspection with several companies in Houston area to have a car professionally inspected.

    WE ARE NOT RESPONSIBLE FOR ANY REPAIRS OR INSPECTIONS PRIOR OR AFTER THE SALE OF AN AUTOMOBILE. ALL VEHICLES SOLD AS IS WHERE IS !!

    WE WELCOME INSPECTIONS BUT PLEASE DO INSPECTIONS BEFORE THE SALE IS CONFIRMED ! 

    This Agreement will be governed the laws of the State of Texas (without regard to principals of conflict of laws). Any claims arising out of or related to this Agreement or the Goods shall be brought exclusively in Harris County, Texas. Bidder submits to the jurisdiction of all such courts. BIDDER AND SELLER HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION TO ENFORCE, DEFEND, CONSTRUE OR OTHERWISE CONCERNING THIS AGREEMENT OR THE GOODS. If it is necessary for bidder to commence litigation to enforce any portion of this Agreement, Seller will be entitled to recover from Bidder its reasonable attorneys’ fees and costs, including the reasonable fees of in-house counsel.

    Auction Views:  

    Mercedes-Benz M-Class for Sale

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    Mercedes fits new C-Class with AMG kit

    Sat, 28 Dec 2013

    It's only been a week and a half since Mercedes-Benz revealed the new C-Class, and it'll likely be a while yet before the replacement for the C63 AMG comes along. But if you want to see a preview of what it'll look like, look no further than the AMG aero kit that has just surfaced.
    Expected to debut on the new C-Class at the fast-approaching Detroit Auto Show, the AMG Line Exterior Pack adds a new bumpers front and rear, side skirts, dual exhaust tips, mesh grille, aluminum window frames and - most importantly - 18-inch alloys packing upgraded brakes and fitted to a lowered sport suspension. All of which will help any C-Class look the part, even if the engine remains stock.

    Mercedes making aggressive plans for Chinese market

    Wed, 28 Aug 2013

    Mercedes-Benz is preparing a major product offensive to counteract lagging sales in the Chinese market, aiming 20 new or updated models at the People's Republic in the next two years, according to a report by Reuters. The plan is part of MB's so-called 2020 Initiative, which will see the Stuttgart-based manufacturer dump 2 billion Euros ($2.67 billion) into its Chinese market vehicles in a bid to boost sales to 300,000 units by 2015.
    Were it to succeed, China would become the largest market for the Silver Arrow, outpacing Germany and the United States. Leading the charge will be the redesigned E-Class, which is set to launch in China this week. That will quickly be followed by the S-Class, and eventually by the GLA-Class in 2014.
    Mercedes has struggled in China, especially relative to its German competition, BMW and Audi. Where Mercedes saw a mere four-percent increase in 2012 sales to 206,150 units, Audi was up a staggering 32 percent, while BMW's numbers jumped 41 percent. While some voices, according to Reuters, accuse Munich and Ingolstadt of boosting their numbers through hefty incentives, the fact remains that Mercedes was just walloped by its competitors last year.

    Daimler buying 12% stake in Beijing Auto

    Tue, 19 Nov 2013

    Daimler and Beijing Automotive are officially going steady, with the German company set to take a 12-percent stake in the Chinese brand tomorrow. The two are already tied up in a Mercedes engine plant in Beijing, of which BAIC will increase its stake in, from 50 to 51 percent. Daimler will also get two seats on the Chinese company's board. BAIC may also gain the ability to produce cars on Mercedes-Benz platforms, according to Automotive News Europe.
    The investment in BAIC comes ahead of that company's initial public offering, according to a report form Bloomberg, which indicates the deal will be inked tomorrow in the Chinese capital. According to the report, if the circumstances are right, BAIC may turn around and invest in the Germany company "soon."
    It's not entirely clear just how much the 12-percent cut is costing Daimler, although it seems reasonable to assume that, as it's ahead of the IPO, the parent company of Mercedes is getting a bit of a bargain.