Daimler AG confirms that the entrepreneur Li Shufu has acquired 9.69% (103,619,340 shares) of the company. Daimler is pleased to announce that with Li Shufu it could win another long-term orientated shareholder, which is convinced by Daimler’s innovation strength, the strategy and the future potential. Daimler knows and appreciates Li Shufu as an especially knowledgeable… Continue reading New shareholder
Tag: M and A
Geely says won’t buy more Daimler shares ‘for the time being’
FRANKFURT, Feb 24 (Reuters) – China’s Zhejiang Geely Holding does not plan to buy more Daimler shares “for the time being,” it said on Saturday, after its chairman Li Shufu disclosed he had a 9.69 percent stake in the German carmaker. ”Daimler is an outstanding company with a first-class management. It will be an honour… Continue reading Geely says won’t buy more Daimler shares ‘for the time being’
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
Nissan: Nissan and DeNA to start Easy Ride robo-vehicle mobility service trial in Japan
YOKOHAMA, Japan – Nissan Motor Co., Ltd. and DeNA Co., Ltd. will begin a field test of Easy Ride, the robo-vehicle mobility service being developed by both companies, on March 5. Easy Ride is envisioned as a mobility service for anyone who wants to travel freely to their destination of choice in a robo-vehicle. During the… Continue reading Nissan: Nissan and DeNA to start Easy Ride robo-vehicle mobility service trial in Japan
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
SmartShift and Porter Announce their Intent to Merge
SmartShift and Porter Announce their Intent to Merge Mahindra to invest a further amount of Rs 65 crore in the two entities Merged entity to optimise greater operational efficiency To result in a Pan India reach in the growing shared mobility space Mumbai, February 23rd, 2018: SmartShift by Mahindra, part of the USD 19 billion… Continue reading SmartShift and Porter Announce their Intent to Merge
Electric powered Minis to be built in China
Electric-powered Mini cars are to be built in China, as well as in Oxford where most Minis are currently made. BMW, the owner of the Mini brand, said it had agreed an outline deal with Chinese manufacturer Great Wall Motor. Cars made under that partnership will be for the Chinese market. The deal will not… Continue reading Electric powered Minis to be built in China
BMW Group plans joint venture for MINI electric vehicles in China
Munich. The BMW Group is in advanced discussions to ramp up the global success of its MINI brand through a new joint venture in China. A key element of the brand’s continued strategic development will be local production of future battery-electric MINI vehicles in the world’s largest market for electromobility. To this end, the BMW… Continue reading BMW Group plans joint venture for MINI electric vehicles in China
Is Uber selling its Southeast Asia business to Grab?
If you read the tech press, you might have seen reports that Uber is pursuing a sale in Southeast Asia that would see Grab, its Singapore-headquartered rival valued at $6 billion, acquire Uber’s business in the region. Rumors of such a tie-in have been rife for a while. Uber sold its China business in exactly such… Continue reading Is Uber selling its Southeast Asia business to Grab?
Partnership agreed between Bosch and Munich Re
The Bosch Group is a leading global supplier of technology and services. It employs roughly 400,500 associates worldwide (as of December 31, 2017). According to preliminary figures, the company generated sales of 78 billion euros in 2017. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building… Continue reading Partnership agreed between Bosch and Munich Re