Daimler, which makes Mercedes Benz cars, has sold a 9.1% stake to an Abu Dhabi state investment fund.
The fund, Aabar Investments, will invest 1.95bn euros (£1.83bn;$2.7bn), becoming the biggest shareholder.
The move comes after Daimler reported a net loss of 1.53bn euros in final quarter of 2008 as the global downturn hit demand for luxury cars and trucks.
Aabar`s chairman Khadem Al Qubaisi said that Daimler was an iconic brand and had an excellent reputation.
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