China
UPDATED: 2/23/18 1:12 pm ET - adds details

Chief of China's Geely builds $9 billion stake in Daimler

Li Shufu, the chairman and main owner of Chinese carmaker Geely, has amassed a stake of 9.69 percent in Daimler AG, the German company said Friday. The stake, worth nearly $9 billion at the current market price for Daimler shares, makes Li the biggest single shareholder in the maker of Mercedes Benz cars, trucks and vans.


Bold China sales talk may come part true

Former Beijing Automotive CEO Dazong Wang's pronouncement in 2011 that China sales could hit 40 million by 2020 is not even close to coming to fruition. But he might have been right about one thing.

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