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February 26, 2018 02:06 pm GMT
Automaker Daimler has a new largest shareholder –Geely Automotive chairman Li Shufu. The Geely stake, worth an estimated $9 billion, should give the Chinese automotive giant more leverage when trying to work out cross-company tech arrangements with Daimler and its sub brands including Mercedes-Benz. Daimler is already partnered up with a major automotive concern in China… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/O6pfr8IPIc0/
Geely becomes Daimlers largest shareholder with $9 billion stake
Automaker Daimler has a new largest shareholder –Geely Automotive chairman Li Shufu. The Geely stake, worth an estimated $9 billion, should give the Chinese automotive giant more leverage when trying to work out cross-company tech arrangements with Daimler and its sub brands including Mercedes-Benz. Daimler is already partnered up with a major automotive concern in China… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/O6pfr8IPIc0/
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