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
Tag: Volvo
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
UPDATE 3-Geely chairman builds $9 bln stake in Germany’s Daimler
BEIJING/FRANKFURT (Reuters) – The chairman of Chinese carmaker Geely has built up a 9.69 percent stake in Mercedes-Benz owner Daimler, filings showed on Friday, an aggressive move designed to open the door for an industrial alliance between the two carmakers. Two sources familiar with the thinking of Li Shufu said his move to accumulate the… Continue reading UPDATE 3-Geely chairman builds $9 bln stake in Germany’s Daimler
Ford shifts more execs as demand for a plan grows
Kumar Galhotra (Photo: Ford Motor Co.) The latest executive shift within Ford Motor Co. came Thursday as industry experts and Wall Street wait for the Blue Oval to prove it has a plan to drive growth and fund an uncertain future — and whether the right team is in place to execute that plan. Ford… Continue reading Ford shifts more execs as demand for a plan grows
Daimler Dodges the Robo-Taxi Storm
Over the past three years, Daimler AG has surpassed BMW AG and Volkswagen AG’s Audi to seize the crown of world’s largest luxury carmaker. Daimler der König CEO Dieter Zetsche has helped make Daimler the world’s biggest luxury carmaker Source: Company filings But CEO Dieter Zetsche has one distinct disadvantage to his German peers: the… Continue reading Daimler Dodges the Robo-Taxi Storm
Volvo adds the V60 wagon to its car subscription service
Volvo If you’re interested in a car subscription from Volvo, but you’re not a fan of SUVs, the Swedish automaker just announced that its new V60 wagon will be available with the service called Car by Volvo. Gallery: Volvo V60 Wagon | 11 Photos 11 +7 Care by Volvo is a bit like a lease… Continue reading Volvo adds the V60 wagon to its car subscription service
Volvo launches new V60 versatile family estate
Volvo launches new V60 versatile family estate Volvo Cars, the premium car maker, today revealed the new V60 five-door, mid-size premium estate, underlining the Swedish company’s position as a maker of cars that combine good looks with everyday practicality. The car was launched in its natural habitat – the driveway of a family… Continue reading Volvo launches new V60 versatile family estate
Volvo Cars debuts three-cylinder engine in new XC40 compact SUV
Volvo Cars today launched its new three-cylinder Drive-E powertrain in the XC40, the company’s first entry into the compact SUV segment. The new powertrain is the first three-cylinder engine in the company’s 91-year history. The all-new 1.5-litre, three-cylinder, direct-injection petrol engine was developed in-house using the same modular design as Volvo’s four-cylinder Drive-E engines. The… Continue reading Volvo Cars debuts three-cylinder engine in new XC40 compact SUV
Next-level driverless cars: how to solve the problem of humans falling asleep
Self-driving cars Next-level driverless cars: how to solve the problem of humans falling asleep Next wave of development will see drivers only expected to intervene when the car requests it, say researchers Studies have shown that drivers can fail to spot when systems reach their limits and can have trouble retaking control of the vehicle,… Continue reading Next-level driverless cars: how to solve the problem of humans falling asleep
PROTON CLARIFIES STATEMENT BY PEKEMA
PRESS PROTON CLARIFIES STATEMENT BY PEKEMA Posted on Feb 13, 2018 Subang Jaya, 12 February 2018– PROTON would like to respond to the article entitled, Pengedar Bumiputera Proton Tertekan that was published on 11 February 2018 by Utusan Malaysia. We would firstly like to thank PEKEMA and its members for highlighting issues faced by its… Continue reading PROTON CLARIFIES STATEMENT BY PEKEMA