Tag: Li Shufu

By on February 24, 2018

2017 Mercedes-Benz C350e grille hood ornament - Image: Mercedes-Benz

Unlike German auto titans BMW Group and Volkswagen Group, Mercedes-Benz parent company Daimler didn’t have the stabilizing effect of a family or individual with a massive, long-term cache of company shares. That’s no longer the case, as Geely Group owner Li Shufu has announced his purchase of a 9.69 percent stake in the German automaker.

This makes Shufu Daimler’s largest single shareholder.

The Chinese auto tycoon, whose Zheijang Geely Holding Group manages car-producing Geely Group, already owns Volvo Cars and Lotus, and is a major shareholder in truck builder Volvo AB. Always on the hunt for opportunities, the near 10-percent stake in Germany’s largest luxury automaker should give Shufu the partnership he’s looking for.  (Read More…)

Recent Comments

  • ToolGuy: @Dan, The GMT400 vs. GMT800 question has always been interesting to me. I recently did some work on my...
  • sayahh: I used to buy Defenders but I haven’t been driving much, so I might get a set of Michelin’s Pilot...
  • Scoutdude: Be sure to look at the tirerack testing numbers too, at least for the tires that they have tested. That is...
  • Scoutdude: There are two basic kinds of analog gauges. One that return to 0 when power is removed and those that hold...
  • dal20402: These seem to be touring all-seasons, and the DWS06 is in the high-performance all-season category....

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber