Geely chairman builds $9 billion stake in Germany's Daimler

BEIJING/FRANKFURT (Reuters) - The chairman of Chinese carmaker Geely has built up a 9.69 percent stake in Mercedes-Benz owner Daimler, filings showed on Friday, an aggressive move designed to open the door for an industrial alliance between the two carmakers.

from Reuters: Business News http://ift.tt/2FqqQf5