Daimler AG will be formally renamed Mercedes-Benz Group AG on 1st February 2022, nearly a year after the spin-off of its truck and bus division was announced– in a move its boss hopes will unlock shareholder value for the premium carmaker.

The post Daimler AG to Rebrand as Mercedes-Benz Group AG on February 1 first appeared on CarSpiritPK and is written by UsmanAnsari.

Chinese now own nearly 20% of Daimler AG, the world's most renowned luxury car brand from Germany.

The post China Now Owns 20% of Daimler AG first appeared on CarSpiritPK and is written by UsmanAnsari.

Daimler AG and Geely Holding, the parent companies of Mercedes-Benz and Geely Auto respectively, have confirmed their plans to collaborate on developing “highly efficient powertrain systems for next-generation hybrid vehicle applications.”

The post Mercedes-Benz and Geely Confirm Hybrid Engine R&D Partnership first appeared on CarSpiritPK and is written by UsmanAnsari.

Daimler’s main Chinese joint venture partner BAIC Group plans to double its stake to around 10% and win a board seat in the German luxury car maker, as it aims to upstage its rival Geely, according to Reuters.

The post China’s BAIC Raising Daimler Stake to Unseat Geely first appeared on CarSpiritPK and is written by UsmanAnsari.

German startup Volocopter said it plans to form a partnership with Chinese automaker Geely that will bring its air taxis to China. According to Volocopter, it has raised 50 million Euros ($55.13 million) in fresh funding from the Chinese company and others including Daimler AG.

The post Geely to Launch Air Taxis in China with Volocopter first appeared on CarSpiritPK and is written by UsmanAnsari.

Daimler AG has officially announced that China’s BAIC Group now owns a 5% equity interest in the German company. This further cements the partnership between both companies that has existed since 2003 as BAIC operates a joint venture with Daimler AG in China.

The post China’s BAIC Group Acquires 5% Stake in Daimler AG first appeared on CarSpiritPK and is written by UsmanAnsari.

German auto giant Daimler AG will build its next generation of Smart compact cars in China through a joint venture with Zhejiang Geely Holding Group

The post Geely and Daimler to Jointly Build Smart Cars in China first appeared on CarSpiritPK and is written by UsmanAnsari.

Daimler AG is nearing the sale of a 50% stake in its small-car brand Smart to China’s Geely Automobile Holdings Ltd, the Financial Times said on Tuesday

The post Geely to Buy Half of Smart Unit from Daimler first appeared on CarSpiritPK and is written by UsmanAnsari.

Daimler Chief Executive Dieter Zetsche said the carmaker is in talks about deepening its cooperation with Geely, even as German politicians draw up measures to protect German industry from foreign rivals.

The post Geely Wants More of Daimler first appeared on CarSpiritPK and is written by UsmanAnsari.

German markets regulator BaFin has ended its investigation into the purchase of a stake in Daimler by Chinese carmaker Geely …

The post Geely Wins Approval on Daimler Deal first appeared on CarSpiritPK and is written by UsmanAnsari.