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Daimler buying 12% stake in Beijing Auto

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.

Submit your questions for Autoblog Podcast #325 LIVE!

We're set to record Autoblog Podcast #325 tonight, and you can drop us your questions and comments via our Q&A module below. Subscribe to the Autoblog Podcast in iTunes if you haven't already done so, and if you want to take it all in live, tune in to our UStream (audio only) channel at 10:00 PM Eastern tonight.
Discussion Topics for Autoblog Podcast Episode #325
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UK workers strand car on island of asphalt to keep working

Generally speaking, when you illegally park your car, you're likely to get ticketed and towed, but there is probably at least one motorist in Scotland who wishes that was the case. After workers had blocked off a portion of the parking lot for the Edinburgh Waverley railway station, the driver of this Mercedes-Benz S-Class reportedly moved some of the barriers to park in one of the empty spots.
Rather than having the vehicle towed, the work crew simply tore up the asphalt around the leaving just the one parking spot intact, and as you can see in the image above (posted to the Twitter account of Harold Norstad), the crew even built a small asphalt ramp so the car could get off its blacktop pedestal. Since this happened last week, there's no word as to whether the car was eventually moved or towed for the resurfacing work to continue.
Let this be a warning...