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HONG KONG: Geely Automobile Holdings Ltd's shares jumped on Monday after its chairman Li Shufu revealed he had built a US$9 billion stake in Daimler - giving him major leverage as he attempts to persuade the German carmaker to cooperate on tech.
FRANKFURT: Li Shufu, the founder and main owner of China’s Geely, has no plans to buy further stakes in carmakers after building up a holding of almost 10% in Germany’s Daimler, he told a German newspaper.
SHANGHAI: Chinese carmaker Geely Automobile Holdings Ltd, whose chairman recently took a $9 billion stake in Germany's Daimler AG, said on Wednesday its profits more than doubled in 2017, driven by strong domestic sales of popular SUVs.
KUALA LUMPUR (Bernama): Malaysia's first flying car – driven by local technology – is expected to be unveiled this year, says Entrepreneur Development Minister Datuk Seri Redzuan Md Yusof.
KUALA LUMPUR: The third national car will not be a flying car, Deputy Minister of International Trade and Industry Minister Dr Ong Kian Ming clarified, following misconceptions that the two are related projects.
KUALA LUMPUR: The development of the third national car is not for the sake of adding another brand besides Proton and Perodua. The aim is for the integration of the automotive sector to make Malaysia the vendor for industry players in Asean.