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Chinese automaker Great Wall assessing purchase of Daimler’s Brazil plant

RIO DE JANEIRO, BRAZIL - Chinese automaker Great Wall Motor is considering the purchase of one of Daimler's plants in Brazil as part of its international expansion, according to people familiar with the matter.

The two companies are in negotiations over the potential deal, which could involve several hundred million dollars, according to the sources, who requested anonymity as the matter is private.

Talks are ongoing and the parties may choose not to strike a deal, the sources added. A Great Wall representative was not immediately available for comment. A Daimler spokesperson said the company continues to explore different options . . .

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