Geely becomes Daimler’s largest shareholder with $9 billion stake

 Automaker Daimler has a new largest shareholder – Geely Automotive chairman Li Shufu. The Geely stake, worth an estimated $9 billion, should give the Chinese automotive giant more leverage when trying to work out cross-company tech arrangements with Daimler and its sub brands including Mercedes-Benz. Daimler is already partnered up with a major automotive concern in China… Read More