Daimler sells participation in tata

Daimler AG has separated from its participation in the indian car maker tata. The group sold its shares, which account for around 5 percent of tata shares, shared the company on tuesday. The sale spebles about 300 million euros in the klammen kassen of swabia. Daimler has completed the past year with a loss of 2.6 billion euros. As a buyer, various investor groups were called.

Earnings before interest and taxes (EBIT) is positively influenced by around € 265 million in the first quarter, daimler continued to inform. At the same time, however, the group has already explored burdens from his participation in the air and spacecrafting company EADS for the first quarter. How high the impact on the stuttgart group, which holds a well-relevant share of 22.5 percent of EADS, but should only on the 27th. April will be communicated upon presentation of the quarterly numbers.

With the sale at the present time, daimler benefits from the course of the tata share last year, won it further. Tata has become known mainly as a manufacturer of the cheap car nano, but has also incorporated the british traditional brands jaguar and land rover. Daimler had already begun collaboration with tata in 1954, holding persuaded shares in the indian manufacturer since 1955. For vehicles, however, there is no cooperation.

India strategy not called into question

The principal india strategy of the group is not called into question according to daimler information by the shares. Among other things, the mercedes-benz E and S-class is manufactured in the west indian pune. There are also paint shops of tata used. Last year, daimler sold around 3200 cars in india. (DPA-AFX/

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