Aston Martin Holdings Ltd. is looking for a “big brother” partner in order to survive as a low-volume, luxury carmaker, even after it posted its first profit in eight years and prepares for a potential initial public offering. The manufacturer famous for making film spy James Bond’s favorite car could use a combination of capital… Continue reading Aston Martin Posts First Profit in Eight Years
Tag: Lotus
China’s Geely Buys $9 Billion Daimler Stake
The billionaire founder of Zhejiang Geely Holding Group Co. has accumulated a stake worth about 7.3 billion euros ($9 billion) in Daimler AG, marking the biggest investment in a global automobile manufacturer by a Chinese company. Li Shufu acquired the 9.7 percent holding through Geely Group, a company owned by the 54-year-old and managed by… Continue reading China’s Geely Buys $9 Billion Daimler Stake
Geely boss Li Shufu speaks of prolonged engagement – and does not see himself as a competitor: what the “Henry Ford China” intends to do with Daimler
All articles and backgrounds 02/24/2018 Geely boss Li Shufu speaks of a longer commitment – and does not see itself as a competitor What Daimler’s new major shareholder from China sets REUTERS Largest Daimler shareholder – and at the same time a competitor: Geely CEO Li Shufu wants to promote electromobility with the people of… Continue reading Geely boss Li Shufu speaks of prolonged engagement – and does not see himself as a competitor: what the “Henry Ford China” intends to do with Daimler
China’s Geely takes 3pc stake in Daimler with an eye on electric car venture with Mercedes parent
Chinese carmaker Zhejiang Geely Holding Group has reportedly spent US$3 billion for a stake of just under 3 per cent in German carmaker Daimler as it aims to become a global player. The shares, which were bought on the secondary market according to Reuters, provides further evidence that Geely, controlled by billionaire Li Shufu, is… Continue reading China’s Geely takes 3pc stake in Daimler with an eye on electric car venture with Mercedes parent
Former Lotus boss opens new Ares Design headquarters in Modena
Dany Bahar, chief executive of Lotus from 2009 to 2012, is using a former Fiat and Alfa Romeo dealership building for his new company Former Lotus boss Dany Bahar has officially opened an impressive new headquarters in Modena, Italy, for Ares Design, the customisation and coachbuilding company he set up In 2014, soon after leaving… Continue reading Former Lotus boss opens new Ares Design headquarters in Modena
Geely to Use Volvo’s Europe Plants to Manufacture New Car Brand
Zhejiang Geely Holding Group Co. Ltd. and its Volvo Cars unit will make Lynk & Co vehicles at Volvo plants in Europe, according to one company executive. Details of the plan will be unveiled this year, according to Geely CEO An Conghui, who also said the automaker is considering setting up its own factory on… Continue reading Geely to Use Volvo’s Europe Plants to Manufacture New Car Brand
That’s it, Mr. Zetsche
Saturday, 02/24/2018 13:24 clock For weeks it has begun, now it is official. Li Shufu, boss of the Chinese automaker Geely, is with 9.69 percent the largest single shareholder at Daimler , So far, the Kuwait sovereign wealth fund was the largest shareholder with 6.8 percent, the corporation does not have a real anchor shareholder.… Continue reading That’s it, Mr. Zetsche
That’s it, Mr. Zetsche
Li Shufu, head of Chinese automaker Geely, joins Daimler as a major shareholder. Hostile takeover? In fact, the group from Stuttgart could be trimmed with it faster on electric mobility. Geely boss Li Shufu Saturday, 24.02.2018 13:24 clock For weeks it has begun, now it is official. Li Shufu, boss of the Chinese automaker Geely,… Continue reading That’s it, Mr. Zetsche
Wed 06 Sep 2017 Detroit Electric outlines plans for new pure electric sports car, crossover and saloon UK-based electric vehicle startup, Detroit Elec…
Detroit Electric shares outline sketches of three future models to be unveiled over the next three years EV manufacturer is recruiting 150 – 200 engineers to support ambitious EV development programmes Staffing drive is enabled by US$1.8 billion dollar joint venture deal Millbrook, UK, 6 September – UK-based electric vehicle start-up, Detroit Electric, today presents… Continue reading Wed 06 Sep 2017 Detroit Electric outlines plans for new pure electric sports car, crossover and saloon UK-based electric vehicle startup, Detroit Elec…