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. Last Updated: 07/27/2016

Daimler in No Rush to Raise Stake

STUTTGART, Germany — Daimler’s industry-leading trucks business is not in a rush to exercise an option to raise its 10 percent stake in KamAZ to a 25 percent plus one share blocking minority.

“This could happen in two months or two years,” Daimler Trucks chief Andreas Renschler said on Thursday in Stuttgart. “We are in no hurry.”