China's Geely is buying a $9 billion stake in Daimler, report says

China's Zhejiang Geely is acquiring a stake worth almost 7.5 billion euros ($9.2 billion) in Daimler to become the largest investor in the German automaker, people with knowledge of the matter told Bloomberg.


Valeo second-half net income falls 24% on r&d push, U.S. tax charge

Valeo's net income fell 24 percent in the second half of 2017 as the supplier faced adverse exchange rates and raw material prices, invested more into r&d and took a one-off tax charge.


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