Geely takes a $8.94 billion stake in Daimler

The Chinese brand that owns Lotus, Polestar and Volvo is now the majority shareholder in the Mercedes-Benz parent company Mercedes has a new majority shareholder in the shape of Geely, the brand that already owns Volvo and recently brought you performance car spin-off Polestar. Geely, under the guidance of its billionaire owner Li Shufu, has taken an […] The post Geely takes a $8.94 billion stake in Daimler appeared first on

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