Jump to content


SEARCH

1

Owner of Geely is now Daimler's biggest shareholder

By Faiming_low on 24 Feb 2018 in Other News

Attached Image Owner and chairman of Geely, Li Shufu from China, is now Daimler's biggest shareholder after he purchased a stake of 9.69 percent recently.

Said to be worth more than S$11 billion in the current market price for Daimler shares, The German company announced the news in a regulatory filing and said that the stake purchase is a private investment by Li, according to Reuters.

Geely has been trying to strike an alliance with Daimler over the last few months as the the Chinese government has been pushing for cleaner cars.

Geely currently owns Volvo Cars and Polestar. It also has a 49.9 percent stake in Proton.

Viewed: 1,369 times

Faiming_low
Written by Faiming_low
Since young, Fai Ming has always centered his life around cars. In fact his first word was 'car' and not 'mum' or 'dad'. Aren't kids cute?



  • 1
Yenyenpark Feb 27 2018 04:22 PM

wow.. wow.. hmm.. basically buying up everything..

  • 1
 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
Rumors about Bugatti building a SUV has been circulating around for quite some time but its CEO m...
POPULAR BLOG POSTS
Photo
Subaru will be showing off its Forester STI concept that is set to appear at Tokyo Auto Salon 201...
Photo
The head of AMG clarified that the new AMG GT R Pro is not part of the Black Series and a true Bl...
Photo
The first spy shots of the upcoming Mazda3 hatchback have surfaced online. The sedan body style w...
Photo
Subaru is on the verge of launching another special edition WRX STI. Dubbed the Subaru WRX STI TC...
Photo
Yes, the Honda Civic Type R is already one of the most extreme-looking cars on sale today. And ye...
   Lifestyle Articles