Geely on Saturday announced that it did not have any plans for now to increase its stake any further. Geely is the largest privately owned automaker in China and has a tough road ahead of it as Chinese authorities look to tighten emissions regulations to heavily favor electric vehicles.
The vast auto market in China and the rising strength of Chinese automakers have contributed to a series of worldwide mergers and acquisitions.
Chinese automaker Zhejiang Geely will soon announce a $9.2 billion stake in German luxury conglomerate Daimler AG. "At the same time, this opens another path into China for Daimler".
However, in a speech to the CAR Institute automotive conference in Bochum, Germany earlier this month, Li skirted around the speculation, saying that Europe has "a very important role for the development of automotive brands under our leadership".
"Geely will help Daimler take the lead in electric vehicles and online technological services", said Li Shufu, chairman of Geely.
"Daimler knows and appreciates Li Shufu as an especially knowledgeable Chinese entrepreneur with clear vision for the future, with whom one can constructively discuss the change in the industry", it said. Daimler is working on both electric cars and battery-powered trucks. HNA Group Co, the aviation-to-hotel conglomerate, has a stake of about 8.8 per cent in Deutsche Bank AG, and industrial-robot maker Kuka was purchased by Midea, the world's largest appliance maker.
"I will fully abide by the company charter and governance structure of Daimler and respect its values and culture", Li said in the statement.
Daimler told Bloomberg that it welcomes another major investor and views the move as a vote of confidence.
And it seems that't exactly what he's done, and now owns 9.69 per cent of Daimler - which will have cost him around £6.5 billion - making Li the single largest shareholder, with 50 per cent more stock than the next biggest shareholder Kuwait Investment.
"The competitors which technologically challenge the global auto industry in the 21st century are not part of the automotive industry today", Li said.
Overall - and over time - we should get decent results. "In America, equity investors have the wind at their back", he said. It owns an array of blue-chip stocks valued at over $170 billion (excluding shares of Kraft Heinz).
Neelum Munir is a popular TV and film actor in Pakistan and was recently signed up by Multan Sultans as brand ambassador. Later, the youngster grabbed the wicket of Kumar Sangakkara; the highest scorer in the Multan Sultan's innings.
The opposition's Syrian Civil Defence rescue group reported new air strikes in Douma, Arbeen and other towns east of Damascus. But the Turkish military said multiple explosions were proof the convoy was carrying ammunition.
Rams , but dropped the corner out of the first round in his second mock draft , which was released Wednesday. In his first mock draft last month, Kiper had Davis projected as the No. 23 overall pick to the L.A.
Fellow Russian Aleksandr Krushelnitckii was stripped of his curling bronze medal this week after testing positive for meldonium. In conclusion, I thanked my colleagues, with whom we worked extensively, so that athletes could perform at these Games.
The interruption of services was first reported Thursday night and appeared to last until just before noon Friday . He said the bank expected information on balances and transactions to become current later Friday.
Even when President Barack Obama was still in office, Iran accused the US of not living up to the terms of the nuclear deal . Iran has dismissed the USA calls for halting its missile programme development, saying it is only for deterrent purposes.
An emotional support dog reportedly "scraped" a young girl's forehead as she boarded a Southwest Airlines flight Wednesday. The girl reportedly approached the animal after its owner asked her to keep away, southwest spokeswoman Melissa Ford said.
It must then clear further stages in the Commons and undergo scrutiny in the House of Lords before becoming law. He added: "Keira's story and Max's story demonstrate that more organs mean more saved lives".
Mr Tusk threatened he would press on "whether the United Kingdom is ready with its vision of our future relations or not". It seems unlikely that the European Union will sign up to such a plan.
Bollywood superstar Sridevi dies at 54 of cardiac arrest
Janhvi, Sridevi and Boney's elder daughter couldn't join them in Dubai as she was busy shooting for Shashank Khaitan's Dhadak . She took a 15-year hiatus beginning in 1997, but returned in 2012 with the blockbuster " English Vinglish ".