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Daimler AG said on Tuesday it will work with China’s Geely for building next-generation combustion engines for use in hybrid vehicles. Efforts to share development costs come as the growth
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Mercedes-Benz is set to build smart-branded electric cars with Zhejiang Geely Holding Group in Xian, China from a base with a yearly capacity of around 150,000 vehicles, a senior official
Daimler has declined an offer from China’s Geely to take a stake of approximately 5 percent by means of a discounted share placement, as the German automaker has long hesitated
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