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Geely buys big stake in Volvo Trucks

Geely has bought an 8.2 per cent stake in AB Volvo, making it the largest single shareholder in the Swedish truck, construction equipment and technology company. The company bought its stake from Cevian Capital and, once regulatory approval is granted, will have 15.6 per cent of voting rights – short of the 22...

Geely to buy stake in Mercedes-Benz - report

Geely, the Chinese parent of Volvo Cars, is set to buy a significant stake in Daimler, the company behind Mercedes-Benz and Smart. According to The Global Times, the state-run China Central Television (CCTV) network is reporting Zhejiang Geely is about to buy three to five per cent of Daimler for 4.0 billion euros ($6.2 billion). Above: Mercedes-Benz CLS...

Geely planning Lotus onslaught

Geely is already working on plans for Lotus, just two months after purchasing a majority stake as part of the same deal that saw the Chinese brand take control of Proton. We’re told to expect new products from the British sports car maker sooner rather than later, with a decision currently being mulled on whether to press ahead with plans for the SUV Lotus had already started developing on its own...

Geely buys Terrafugia to make "flying car a reality"

Zhejiang Geely Holding Group, parent of Chinese carmaker Geely, has acquired US-based flying car developer Terrafugia with the aim of bringing a proper flying car to life. The two companies plan to utilise their respective expertise to further the development of flying cars, with Terrafugia already having tripled its US engineering team as part of an expansion ahead of the takeover...

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