Chinese Automaker Geely Snapping Up a Near 10-percent Stake in Daimler: Report

Is a seemingly unstoppable Chinese automaker slowly amassing a significant ownership stake in Germany's Daimler AG? That's what sources tell Bloomberg. According to the news outlet, sources claim Geely Auto Group, which owns the Volvo, Lotus, and the mysterious Lynk & Co. car brands, is steadily acquiring a $9.2 billion stake in the German giant. […] The post Chinese Automaker Geely Snapping Up a Near 10-percent Stake in Daimler: Report appeared first on The Truth About Cars. from The Truth About Cars http://ift.tt/Jh8LjA