The guessing game on Li Shufu’s intentions after buying the biggest stake in Daimler is up: Automakers must cooperate, or risk being swallowed up. That’s the takeaway from an editorial written by the owner of China’s biggest non-state carmaker in Frankfurter Allgemeine Zeitung on Sunday. Li, who in February bought a 9.7 percent stake in… Continue reading Daimler Investor Li Says Carmakers Must Talk or Face Oblivion
Tag: Geely
Daimler major shareholder Geely urges cooperation: Li Shufu has bad cards for new Daimler alliances
All articles and backgrounds 04/16/2018 Daimler giant shareholder Geely urges cooperation Li Shufu has bad cards for new Daimler alliances REUTERS Li Shufu, founder and head of Chinese auto giant Geely Forge new partnerships, build digital platforms: The wishes are not revolutionary, the new major Daimler shareholder Li Shufu in the direction of the Stuttgart… Continue reading Daimler major shareholder Geely urges cooperation: Li Shufu has bad cards for new Daimler alliances
UPDATE 1-VW’s trucks division open to buying majority of Navistar -CFO
MUNICH (Reuters) – Volkswagen (VOWG_p.DE) is open to buying at some point a majority stake in U.S. truckmaker Navistar International Corp (NAV.N) as it pushes to expand its truck division’s global presence and tap capital markets. FILE PHOTO: A VW sign is seen outside a Volkswagen dealership in London, Britain November 5, 2015. REUTERS/Suzanne Plunkett/File… Continue reading UPDATE 1-VW’s trucks division open to buying majority of Navistar -CFO
Where Geely And Chery Failed, China’s GAC Could Finally Crack The US Auto Market
Sparks fly as employees work on the door of a Trumpchi brand vehicle on a production line at the Guangzhou Automobile Group Co. Ltd. (GAC) plant in Guangzhou, China, on Wednesday, Nov. 2, 2017. Photographer: Qilai Shen/Bloomberg Late last year, GAC Motor Company (GAC Motor), a subsidiary of Guangzhou Automobile Corporation (GAC), announced that it plans to begin selling… Continue reading Where Geely And Chery Failed, China’s GAC Could Finally Crack The US Auto Market
PROTON CONFIDENT ON NETWORK SYNERGY OUTCOME
PRESS PROTON CONFIDENT ON NETWORK SYNERGY OUTCOME Posted on Apr 16, 2018 Subang Jaya, 16 April 2018 – 2018 is an important year for PROTON after the acquisition of 49.9% shares by Geely as the Company undergoes numerous initiatives internally to ensure a successful turnaround in a short time. With the new partnership comes renewed… Continue reading PROTON CONFIDENT ON NETWORK SYNERGY OUTCOME
Press Releases – Motor vehicles generate €413 billion in taxes for EU-15, new data shows
Brussels, 16 April 2018 – The latest data shows that taxation on motor vehicles in the EU-15 is worth €413 billion annually – about three times the total budget of the European Union. This figure is up 4% compared with one year earlier. The data was published today in the 2018 Tax Guide of the… Continue reading Press Releases – Motor vehicles generate €413 billion in taxes for EU-15, new data shows
Li Shufu: Major shareholder Geely wants to push Daimler into alliance
All articles and backgrounds 04/16/2018 Li Shufu’s major shareholder Geely wants to push Daimler into alliance AP / Song fan – Imaginechina Is convinced of the value of further cooperation: Geely-chef and Daimler major shareholders Li Shufu One can not say that Dieter Zetsche had just received his new major shareholder Geely with open arms.… Continue reading Li Shufu: Major shareholder Geely wants to push Daimler into alliance
Top Automotive Industry News for Week of April 9 – April 15, 2018
Here is the most important news associated with the automotive industry identified by the SEA for the week April 8, 2018 – April 15, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- Audi brand to be excluded from VW sportscar brand overhaul: source… Continue reading Top Automotive Industry News for Week of April 9 – April 15, 2018
Ford’s self-driving car network will launch ‘at scale’ in 2021
Ford Ford hasn’t been shy about its plans for a self-driving car network in 2021, including its hopes of fielding a purpose-built vehicle that year. However, there have been questions about the size — will this be like the services we’ve seen so far, where one city gets a limited taste of the autonomous future?… Continue reading Ford’s self-driving car network will launch ‘at scale’ in 2021
Marchionne: Don't expect next Fiat Chrysler CEO to be named until 2019
CLOSE Speculation about the future of Fiat Chrysler Automobiles has increased dramatically over the past week with reports first suggesting Jeep could be sold to a Chinese automaker and now reports that Alfa Romeo and Maserati could be spun off into a stand alone company. The various reports have been prompted, in part, by recent… Continue reading Marchionne: Don't expect next Fiat Chrysler CEO to be named until 2019