Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

Log in to CarWale

Please enter your password
Forgot password?
Please enter your registered email

Sign up to CarWale

Please enter your name
Please enter your mobile number
Please enter your password
Please enter your password

Geely looking to buy stake in Mercedes-Benz

December 19, 2017, 03:05 PM IST by Abhishek Nigam
Geely looking to buy stake in Mercedes-Benz

As surprising as it may sound, according to reports Geely is about to buy three to five per cent of Daimler for 4.0 billion euros. If this happens, Geely, the Chinese parent of Volvo Cars will become the second or third largest single investor in Daimler, as Kuwait holds 6.8 per cent, and the Renault Nissan Mitsubishi Alliance has 3.1 per cent.

Currently, Geely sells vehicles under its own brand, and completely owns Volvo Cars and the London Taxi Company. In May, Geely purchased a 49.9 per cent of Proton and 51 per cent of Lotus from Malaysian conglomerate DRB-Hicom. Apart from that Geely has also taken over the flying car firm Terrafugia. Geely is also in the process of launching the Lynk & Co marque with its own range of Volvo-derived products.

Show CommentsHide Comments
  • Upcoming Cars

Tata HarrierTata Harrier

Jan 2019

16L - ₹ 22L
Tata 45XTata 45X

Mar 2019

8L - ₹ 10L
Nissan KicksNissan Kicks

Jan 2019

10L - ₹ 15L
Maruti Suzuki Wagon R FaceliftMaruti Suzuki Wagon R Facelift

Jan 2019

4L - ₹ 6L
Kia SPKia SP

Jul 2019

14L - ₹ 20L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (9 AM - 8 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in