UPDATED: 2/23/18 1:12 pm ET - adds details

Chief of China's Geely builds $9 billion stake in Daimler

Li Shufu, the chairman and main owner of Chinese carmaker Geely, has amassed a stake of 9.69 percent in Daimler AG, the German company said Friday. The stake, worth nearly $9 billion at the current market price for Daimler shares, makes Li the biggest single shareholder in the maker of Mercedes Benz cars, trucks and vans.


Nissan plan envisions China eclipsing U.S.

Nissan is plotting aggressive growth in China that may catapult the country ahead of the United States as the Japanese carmaker's top market.


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