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

HONG KONG/SHANGHAI (Reuters) – Geely Automobile Holdings Ltd’s shares jumped on Monday after its chairman Li Shufu revealed he had built a $9 billion stake in Daimler AG , gaining leverage as he tries to convince the German carmaker to cooperate on technology.

Source: Reuters

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>