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Post by rcollum on Feb 25, 2018 10:30:20 GMT -5
Here's some news... First, he buys Volvo, then, a majority stake in Proton and Lotus. Now, he takes a major stake in Daimler (Mercedes). Hmmm....
Chairman and owner of Chinese auto giant Geely, Li Shufu, has acquired a 9.69 percent stake in Daimler.
The Daimler shares, which are worth just under $9 billion USD, make Shufuthe largest single shareholder of Daimler stock, according to Automotive News. The move is considered a personal investment by Shufu, but it’s understood that Geelyis seeking to enter a partnership with an outside automaker in order to help develop electric vehicle technology. Previously, the largest shareholder in the German company was Kuwait’s sovereign wealth fund, the Kuwait Investment Authority, which owns a 6.8 percent stake in Daimler.
Geelyalready owns Swedish automaker Volvo, which it acquired from Ford in 2010. The company invested roughly $3.2 billion in Volvo’s trucks and construction division last year, Volvo Group, and owns American flying car start-up Terrafugia, Malaysia automaker Proton and sportscarmaker Lotus. Geelyis currently in the process of launching theLynk&CObrand as well, which will share platforms with Volvo and hopes to soon sell vehicles in Europe and North America.
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Post by rdgrcr on Mar 12, 2018 11:57:13 GMT -5
Now introducing the 2019 Evora SRT Hellcat Demon
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Post by cyow5 on Mar 12, 2018 13:19:40 GMT -5
Nah, AMG-powered Esprit
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Post by rcollum on Mar 12, 2018 16:58:51 GMT -5
Nah, AMG-powered Esprit It seems to be working well for Aston Martin! They are using not only AMG powertrains, but lots of the interior bits.
--Bob Collum
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Post by cyow5 on Mar 16, 2018 6:50:40 GMT -5
Nah, AMG-powered Esprit It seems to be working well for Aston Martin! They are using not only AMG powertrains, but lots of the interior bits.
--Bob Collum
An AMG Esprit would actually be a very serious car; twin turbo V8 to justify carrying the name over + an evolution of the Evora chassis could reasonably place it in direct competition with the McLaren entry-level cars
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