GENEVA (Reuters) – Executives at Daimler (DAIGn.DE) and Volvo Cars question the viability and industrial logic of a plan by their major shareholder, China’s Geely, to form an auto industry alliance to counter “tech invaders.” FILE PHOTO: The Mercedes star logo of an E Coupe is pictured before the annual news conference of Daimler AG… Continue reading Daimler, Volvo Cars executives skeptical over Geely alliance plan
Tag: Geely
Fiat Chrysler CEO open to tie-up talks, just not yet
Tommaso Ebhardt, Bloomberg News Published 11:54 a.m. ET March 6, 2018 Sergio Marchionne, center, CEO of FCA attends the North American International Auto Show in this Tuesday, Jan. 16, 2018 file photo. Fiat Chrysler Automobiles NV, which held informal talks with Zhejiang Geely Holding Group Co. about a potential takeover by the Chinese manufacturer, would… Continue reading Fiat Chrysler CEO open to tie-up talks, just not yet
Daimler Says Future Deals With Geely Hinge on China Partner BAIC
Daimler AG’s largest shareholder, Zhejiang Geely Holding Group Co., discussed plans for its stake purchase with the German carmaker’s Chinese partner before buying the stock, setting the stage for future cooperation with the new investor, Chief Executive Officer Dieter Zetsche said. Geely’s move may revive Beijing-based BAIC Motor Corp.’s earlier interest in acquiring a holding… Continue reading Daimler Says Future Deals With Geely Hinge on China Partner BAIC
Aston Martin considers making a lightweight, all-electric Tesla Roadster rival
The limited all-electric Aston Martin Rapide Aston Martin The limited all-electric Aston Martin Rapide Aston Martin The limited all-electric Aston Martin Rapide Aston Martin Aston Martin is considering to make an all-electric supercar to rival the upcoming Tesla Roadster. The British marque is yet to officially make the announcement, but the brand is definitely considering… Continue reading Aston Martin considers making a lightweight, all-electric Tesla Roadster rival
Zetsche agrees with shareholders on falling profits
The transformation of the car industry will cost Daimler a lot of energy. CEO Zetsche refuses at the Annual General Meeting because of the great cheers on the record numbers for 2017 – and prefers to point out the dangers. Daimler CEO Dieter Zetsche Thursday, 05.04.2018 16:14 clock Even the recent record numbers at Daimler… Continue reading Zetsche agrees with shareholders on falling profits
Press Releases – EU-US automobile trade and production in context
Geneva, 6 March 2018 – In the margins of the Geneva motor show, the European Automobile Manufacturers’ Association (ACEA) reacts to recent discussions on possible tariffs on EU car imports to the United States by putting the trade relations between the two regions in context. “ACEA’s members are global companies, and international trade is an… Continue reading Press Releases – EU-US automobile trade and production in context
Chinese Automaker Geely Offered To Buy Fiat Chrysler For $22 Billion: Report
Photo: FCA The founder and chairman of China’s Zhejiang Geely Holding Group Co. has global expansion on his mind. Last week, Li Shufu succeeded in becoming Daimler’s largest single shareholder. But before that he made a play for Fiat Chrysler, and today, we may know more about how that went down. The Billionaire Who Controls… Continue reading Chinese Automaker Geely Offered To Buy Fiat Chrysler For $22 Billion: Report
New Volvo XC40 is named 2018 European Car of the Year
New Volvo XC40 is named 2018 European Car of the Year The new Volvo XC40 small SUV has been named the 2018 European Car of the Year ahead of the Geneva Motor Show in Switzerland. It is the first win of this prestigious award for Volvo Cars, the premium car maker. “Winning this… Continue reading New Volvo XC40 is named 2018 European Car of the Year
VW Weighs Strategic Options for Truck Division Revamp
Volkswagen AG officials are discussing options to prepare the truck division for access to the capital markets, potentially paving the way for an initial public offering of shares or a bond sale by the unit, according to people familiar with the matter. Deliberations at a meeting last week included changing the division’s legal structure to… Continue reading VW Weighs Strategic Options for Truck Division Revamp
Trucks on course IPO: Volkswagen plans to make the truck division a member of the AG in March
All articles and backgrounds 05/03/2018 Truck on course IPO Volkswagen plans to make the truck division a member of the AG in March Scania Scania trucks The Volkswagen Group wants to bring its truck and bus business with the brands Scania and MAN media reports on the stock market. Later this month, the transformation of… Continue reading Trucks on course IPO: Volkswagen plans to make the truck division a member of the AG in March