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Daimler To Buy A Few Stakes Of Volvo Cars

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A Chief executive of Daimler Dieter Zetsche welcomed Geely chairman, Li Shufu, as a new shareholder who stealthily built a $9 billion stake in Daimler.


Magazin also mentioned that any industrial alliance will take place depending on whether their current China partner BAIC agrees. This alliance may in fact be a way to counter any impending threats from new competitors such as Tesla, Google and Uber.

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