- Reuters file pic
FRANKFURT/BEIJING: Chinese carmaker Geely has bought shares in German car and truck maker Daimler, two people familiar with the matter told Reuters, as the Chinese owner of Volvo cars seeks to strike an alliance over electric cars technology.
The size of the stake is unclear but likely to be below 3%, as that level would require Geely to make a regulatory disclosure in Germany.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
