Geely chairman becomes majority Daimler stakeholder

Daimler, parent company of Mercedes-Benz and Smart, has confirmed Li Shufu, founder and chairman of Geely, has aquired a 9.69 per cent stake in the German van, truck and luxury car maker. According to The Detroit News and other outlets, Li’s stake in the German company cost around €7.3 billion ($11.5 billion). Li’s 103 million […]