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Daimler holds Tata stake, may offer Merc parts


dpa
Monday, May 5, 2008


    

STUTTGART -- Daimler may provide Mercedes-Benz parts for future British Land-Rover and Jaguar cars b

uilt by Tata Motors, the chief executive of the German multinational was quoted saying Saturday.

Dieter Zetsche also said Daimler was content with the 7 percent stake it holds "more or less as a dormant investor" in the Indian company run by Ratan Tata and did not seek more. He said Daimler, as a premium-car company, was not aiming to become a volume manufacturer.

"We can get along fine with the present stake," he told the magazine Auto Motor Sport. "We have an outstanding relationship with Tata. That is why their group is in charge of painting the Mercedes models we assemble in India."


      






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