Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz - Car Talk - Nairaland
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| Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by autojosh: 6:35am On Feb 25, 2018 |
Geely is the Chinese company behind Volvo. They own Volvo. Geely recently took the biggest shareholder in Mercedes-Benz after taking a £6.4 billion ($9 billion) stake in Daimler. With this particular action, Geely is now Daimler’s largest shareholder with control of just under 10 per cent of the huge German car manufacturer. Geely’s intentions had already been signaled by reports from the financial community that the firm was building its shareholding in Daimler. Now the move has been confirmed in a report to the markets by Daimler itself, in which it states that it welcomes another major investor. The 9.69 per cent stake in Daimler taken by Geely is said to signal its desire for technological cooperation, particularly in the electric vehicle field, as well as the kind of economies of scale enjoyed by the VolksWagen Group brands. What do you think about this?? https://autojosh.com/volvo-owner-geely-buys-10-stake-mercedes-benz/ Lalasticlala Mynd44 Ishilove Marpol Semid4lyfe Obinoscopy Seun 3 Likes
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| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by Nobody: 6:58am On Feb 25, 2018 |
Unknown brand like geely taking over big popular brands like Mercedes-Benz and Volvo. That's how Indian company TATA took over land rover/range rover in the tech industry its the opposite, Facebook is the one swallowing small companies. 31 Likes |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by Nobody: 6:59am On Feb 25, 2018 |
Not good for the industry. They bring nothing to the table except money. 5 Likes |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by uchman48(m): 7:15am On Feb 25, 2018 |
this people wii start producing china standard vehicles now, and we all know that china product no dey last. Which kind wahala be this. 3 Likes 3 Shares |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by Onyenna(m): 7:17am On Feb 25, 2018 |
Dino and I recently signed an MoU with Toyota... We're likely to take over in 2019.... 7 Likes
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| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by Uruan2023: 7:19am On Feb 25, 2018 |
You say?  1 Like |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by EarthXmetahuman: 7:20am On Feb 25, 2018 |
Chinese secretly taking over the world while Americans are still thinking they control the world. 51 Likes 4 Shares |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by Nobody: 7:20am On Feb 25, 2018 |
It's an eat or eaten world out there.. Being the largest share holder does not authoritatively mean you control the manufacturing.. moreover if so, I think the Rangerover got better when TATA took over if that made them do away with the troubled BMW engine for the Jaguar. 4 Likes |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by NairaMaster1(m): 7:20am On Feb 25, 2018 |
I pray my Benz don't become China products. 3 Likes |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by Nobody: 7:22am On Feb 25, 2018 |
hope this won't b d beginning of degeneration in quality of these products 2 Likes |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by Coolcash1: 7:23am On Feb 25, 2018 |
lofty900: Reminds me of Standard Trust Bank acquiring United Bank of Africa (UBA)...The corporate world is where sharks swallow whales....  13 Likes |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by Nobody: 7:24am On Feb 25, 2018 |
lofty900:Power has shifted to the East, the West can't do anything about it... FAREWELL OCCIDENT, HELLO ORIENT! 15 Likes |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by jerflakes(m): 7:24am On Feb 25, 2018 |
uchman48: I'm sure you didn't read the very short article 16 Likes |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by Onyenna(m): 7:24am On Feb 25, 2018 |
uchman48: 3 Likes
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| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by Nobody: 7:25am On Feb 25, 2018 |
uchman48:Impossicant 1 Like |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by limitless777(m): 7:25am On Feb 25, 2018 |
I perceive a hostile takeover of some sort.
I might be wrong anyway.
but I think there's mooooore to this 1 Like |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by Kobicove(m): 7:25am On Feb 25, 2018 |
The Chinese are buying up everything in sight 11 Likes |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by Homers123(m): 7:25am On Feb 25, 2018 |
I hope Benz won't be chinkolizied. 1 Like |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by Nobody: 7:27am On Feb 25, 2018 |
what is going on? so very soon we will be driving Chinese cars 1 Like |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by drinkgarri: 7:27am On Feb 25, 2018 |
 I hope Nigerians should learn from this.instead of investing in the umbrellas and the brooms,let's invest in something that can quarantee us a brighter future10 Likes |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by Onyenna(m): 7:27am On Feb 25, 2018 |
Prince125: Ishilove come and see this one.... 1 Like |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by blackpanda: 7:29am On Feb 25, 2018 |
angels09: And money is everything |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by blackpanda: 7:30am On Feb 25, 2018 |
drinkgarri: Guarantee# You need to invest massively in education first 3 Likes |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by spafu(m): 7:30am On Feb 25, 2018 |
What do I think? I no get car and I am hungry so wetin concern me up with Geely buying shares Mercedes Benz? The only thing wet matter to me know na how to send the useless gworo-chewing man from Daura back to him village. 3 Likes |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by ogtavia(m): 7:46am On Feb 25, 2018 |
lofty900:it's technically not a take over...he just owns 10 percent...he has to convince other shareholders in order to push for a major decision or policy...daimler group only needed the money and probably other benefits....the Germans are not stupid people who will sell - out...its just like saying a Chinese company bought ford....this can't happen in a million years.. 6 Likes |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by Nobody: 7:48am On Feb 25, 2018 |
Coolcash1:let igbo man acquire dangote na |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by cool318(m): 8:04am On Feb 25, 2018 |
Coolcash1:. They merged and not acquisition. Standard Trust Bank retained their Logo, UBA retained their name. Equal shareholders and equity. Thanks 2 Likes |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by Nobody: 8:09am On Feb 25, 2018 |
Coolcash1:There was a coup at UBS against Bello Osagie...who in turn retaliated by merging with STB 1 Like |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by Nobody: 8:15am On Feb 25, 2018 |
expect china made benz, out goes the german made. 1 Like |
| Re: Chinese Volvo Owner, Geely, Becomes Largest Shareholder In Mercedes-benz by chukxie(m): 8:23am On Feb 25, 2018 |
Smart move by Geely Motors. What I see here is Geely Motors using the Benz brand and technological expertise for its (Geely) electric cars. Smart chess move. The Chinese government is encouraging Chinese companies to aggressively pursue foreign investments, partnerships and complete take-over of western companies. Underestimate the Chinese at your own peril. I wish our leaders were/ are as visionary as the Chinese. P.S: For those screaming "Chinko product no dey last" Check out the interior of a Chinese made bullet train. Photo taken today Sunday February, 25th at 3:21 p.m. 6 Likes
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