daimler

The head of Geely is now the biggest single shareholder of Daimler. A German business magazine says that the purchase of those shares could lead to Daimler buying a part of Volvo and possibly supplying engines to the Swedish automaker. Financial filings from February showed that Geely chair Li...

When Li Shufu, head of Geely, revealed that he had bought nearly 10% of Daimler's shares last month, he said that it was in an effort to ward off tech industry outsiders who were looking to take over the automotive industry. Executives at both Daimler and the Geely-owned Volvo, though, are...

Is a seemingly unstoppable Chinese automaker slowly amassing a significant ownership stake in Germany’s Daimler AG? That’s what sources tell Bloomberg . According to the news outlet, sources claim Geely Auto Group, which owns the Volvo, Lotus, and the mysterious Lynk & Co. car brand is...