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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'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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