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Geely covets Daimler tech with $9 bln stake, shares surge

Monday, February 26, 2018 - 01:44

Shares in Geely Automobile Holdings have jumped after its chairman Li Shufu revealed he had built a $9 billion stake in Daimler, gaining leverage as he tries to convince the German carmaker to cooperate on technology. As Ciara Lee reports, the 9.7 percent holding makes Li Daimler's biggest shareholder.

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Shares in Geely Automobile Holdings have jumped after its chairman Li Shufu revealed he had built a $9 billion stake in Daimler, gaining leverage as he tries to convince the German carmaker to cooperate on technology. As Ciara Lee reports, the 9.7 percent holding makes Li Daimler's biggest shareholder.

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Geely covets Daimler tech with $9 bln stake, shares surge

Monday, February 26, 2018 - 01:44