Geely becomes Daimler’s largest shareholder with $9 billion stake

{rss:content:encoded} Geely becomes Daimler’s largest shareholder with $9 billion stake http://ift.tt/2op29Zd http://ift.tt/2FwI1vx February 26, 2018 at 03:06PM  Automaker Daimler has a new largest shareholder – Geely Automotive chairman Li Shufu. The Geely stake, worth an estimated $9 billion, should give the Chinese automotive giant more leverage when trying to work out cross-company tech arrangements with Daimler and its sub brands including Mercedes-Benz. Daimler is already partnered up with a major automotive concern in China… Read More