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In quest for tech, Chinese automaker Geely grabs 10 percent of Mercedes parent Daimler

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in Auto News

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2018 Mercedes-Benz SLC-Class (Mercedes-AMG SLC43)Daimler AG announced last week that Li Shifu, the founder of Chinese automaker Geely, had acquired almost 10 percent of the shares in the company. Li didn't buy 9.7 percent of Daimler all at once; the outspoken CEO has been accumulating shares on the open market since last fall. The German industrial giant counts Mercedes-Benz and Smart among its...

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