Geely challenges the world automotive leader and cunningly acquires 9% of the German gem Daimler AG
Daimler AG (ETR: DAI) – Market Cap €72.05 bn Geely Automobiles Holding Ltd.(HKG: 0175) – Market Cap HKD 222.96bn (€23 bn) Introduction On 23rd of February, the Chinese car manufacturer Geely announced that it had gathered a 9.7% stake of the German automotive colossus Daimler. This came as a surprise Read more…