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Daimler rejects Geely’s stake offer

Germany headquartered Daimler, owner of the Mercedes-Benz brand, has rejected an offer from Chinese automotive manufacturer, Geely, to buy a 5% stake in the Company.


Geely sales boosted by tax cut in China

Geely Auto, a subsidiary of Geely Auto Group and owner of Volvo, delivered a total of 102,400 units in November 2016, surpassing the 100,000 units for the first time in the company’s history.