HONG KONG (Reuters) - Chinese automaker BAIC Motor, partly owned by Daimler AG
Thomson Reuters publication IFR, citing sources familiar with the plans, reported on Friday that the IPO was likely in the second quarter of 2014.
China's auto market is expected to see a second year of double-digit growth, helped by an anticipated array of economic stimulus measures and robust demand for cars in smaller cities in interior regions, according to industry executives and analysts.
BAIC Motor has now added Citic Securities International <600030.SS>, Deutsche Bank
BAIC Motor is the passenger car unit of state-owned Beijing Automotive Group (BAIC)
Daimler's Mercedes-Benz brand is now the smallest of the big three German luxury carmakers after BMW
(Reporting by Fiona Lau of IFR; Writing by Elzio Barreto; Editing by Kenneth Maxwell and Miral Fahmy)