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 …
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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 …
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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 …
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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 …
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