Automotive

China's Geely (Owner of Volvo Cars) Is Buying $9 Billion USD Stake in Daimler (Parent of Mercedes-Benz)

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  • Feb 28th, 2018 8:06 am
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Dec 7, 2012
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China's Geely (Owner of Volvo Cars) Is Buying $9 Billion USD Stake in Daimler (Parent of Mercedes-Benz)

Chinese manufacturer Zhejiang Geely Holding Group Co. has acquired a stake worth about 7.3 billion euros ($9 billion) in Daimler AG to become the largest investor in the German automaker.

https://www.bloomberg.com/news/articles ... in-daimler
20 replies
Deal Addict
Mar 21, 2013
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Lollllll. The german lovers will HATE this
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Nov 4, 2008
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GTA
Blubbs wrote: Lollllll. The german lovers will HATE this
I can only imagine Grinning Face With Smiling Eyes Geely is on a roll these days, look at the new Volvo's Thumbs Up Sign
Deal Expert
Feb 24, 2007
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There will be a huge infusion into R&D for EV's and a BEV's with Geely behind it.
Newbie
Nov 19, 2008
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ottawa
would you buy a chinese car?hahaha
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Feb 29, 2008
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Blubbs wrote: Lollllll. The german lovers will HATE this
And I expect them to stop poo pooing my Volvo. Damn straight!
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Brampton
Hopefully wont last as long as the Daimler - Chrysler deal.
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Way Out of GTA
So torn. RFD's best car the B200 now a Chinese car.

Can't make sense of, need guidance please.
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Apr 30, 2015
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SaskBerta
cartfan123 wrote: So torn. RFD's best car the B200 now a Chinese car.

Can't make sense of, need guidance please.
With this development. RFD's best car will revert to the well-known and trusted Beige Toyota Corolla.
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Dec 9, 2010
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cartfan123 wrote: So torn. RFD's best car the B200 now a Chinese car.

Can't make sense of, need guidance please.
Why was the B200 known as RFD's best car?

It's always been the Toyota Corolla.
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Way Out of GTA
dee88 wrote: Why was the B200 known as RFD's best car?

It's always been the Toyota Corolla.
B200 is in the premium ‘best budget baller’ category. The B200 has won it every year since it came out.

It is also preferred in white.
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cartfan123 wrote: B200 is in the premium ‘best budget baller’ category. The B200 has won it every year since it came out.
Every year until the CLA came out. A few hundred bucks less, and it actually looks sporty
When given enough time, all threads on RFD can and will go off on a tangent.
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Dec 14, 2007
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They are buying 10% of the stake. Probably just access of daimler’s technologies but far from calling any shots.
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Apr 13, 2007
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diao2 wrote: would you buy a chinese car?hahaha
your iPhone and tv are likely made in china.
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Nov 19, 2008
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ottawa
kkkat wrote: They are buying 10% of the stake. Probably just access of daimler’s technologies but far from calling any shots.
Geely has become the single largest investor in the parent of Mercedes-Benz by building up a position of just under 10 percent through purchases in the stock market in recent weeks.
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Mar 22, 2004
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They are smart, what they are buying is the knowledge and the team and they can build nice cars for cheap.

Kia done it already they hired ex Audi and BMW employees.
Deal Addict
Feb 19, 2017
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Ugh I hate these sort of investments. Yet another business shielded by competition in China buying up competitive western brands because they never have to worry about the reverse happening with the state always backing their riskier investments. We should really start to ban any investment from Chinese firms until they are on equal footing with the rest of the world...But then again if I was an investor in Daimler I would be quite happy!
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Nov 28, 2011
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kkkat wrote: They are buying 10% of the stake. Probably just access of daimler’s technologies but far from calling any shots.
I don't think they'll get access to the tech. The Germans became weary of this in recent times.
Germany tightened its rules on foreign takeovers last year, the first European Union country to do so, after a series of deals saw China gain access to high-tech know-how, while attempts by German companies to buy full control of Chinese rivals remains prohibited.
Source: https://www.reuters.com/article/us-daim ... SKCN1GA048
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May 1, 2012
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Markham
10% stake has no access to tech. They are buying into the brand as an investment, with a potential in the future to perhaps-possibly buy more. At which point, they may have access to tech.
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Apr 5, 2016
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Bring on the chinese hegemony. bwahahaha

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