Geely Wants More of Daimler
Daimler Chief Executive Dieter Zetsche said the carmaker is in talks about deepening its cooperation with Geely, even as German politicians draw up measures to protect German industry from foreign rivals.
Read MoreTag: Daimler AG
Geely Wins Approval on Daimler Deal
German markets regulator BaFin has ended its investigation into the purchase of a stake in Daimler by Chinese carmaker Geely and decided not to impose fines against Geely over disclosure …
Read More
Daimler and Geely to Form Premium Ride-Hailing Joint Venture in China
Daimler Mobility Services GmbH and Geely Group Company, Zhejiang Geely Holding Group’s new business subsidiary, has announced to build a joint venture (JV) in China to provide premium ride-hailing services. …
Read More
Daimler Safeguards Against ‘Hostile Takeover’ by Geely
Daimler has a backup plan to protect itself from any unsolicited takeover bid should its new Chinese investor turn unexpectedly hostile. Li Shufu, founder of Geely and owner of Volvo …
Read More
NLC, Daimler AG Sign MoU for Assembly of Mercedes-Benz Trucks in Pakistan
The National Logistics Cell (NLC) has signed a memorandum of understanding (MoU) with Daimler AG for the local assembly and production of Mercedes‐Benz trucks in Pakistan. Related: FAW Delivers OGRA …
Read More
Mercedes Powered Geely Cars in Future?
Now that Geely chairman Li Shufu is the largest single shareholder in Daimler, there’s a strong possibility that the two firms could cooperate on technological development. According to the German …
Read More
Geely Proceeding to Acquire 4 Billion Euros Stake in Daimler AG
According to a report of China Central Television (CCTV), Geely has started the process to acquire a certain stake of Mercedes-Benz. Earlier in November, Daimler AG had turned down an …
Read More