Geely

British sports car manufacturer Lotus is adding 200 new engineers to its workforce as part of an ambitious production increase plan bankrolled by Chinese owner Geely. The Telegraph reports that Lotus is looking to triple production to 5,000 cars a year and w…

The BAIC Group is looking to buy a stake of up to 5% in Daimler AG, which is the parent company to Mercedes-Benz. According to a Reuters report, the move is means for BAIC to further secure its investment in Beijing Benz Automotive, a joint venture between th…

A Trump administration official contradicts Trump over the trade war with China that will affect cars and much more, Lotus is getting a ton of investment, theres a shakeup at Fiat Chrysler, and more for The Morning Shift of Monday, May 13, 2019. 1st Gear: Tr…

Shares of Daimler dipped Monday following a report that a Chinese partner firm is building a stake in the German automaker. Reuters reported Friday, citing three sources familiar with the matter, that China's Beijing Automotive Industry Holding Co. (BAIC) ha…

Shares of Daimler dipped Monday following a report that a Chinese partner firm is building a stake in the German automaker. Reuters reported Friday, citing three sources familiar with the matter, that China's Beijing Automotive Industry Holding Co. (BAIC) ha…

China’s BAIC Group is reportedly looking to purchase a stake of up to 5 per cent in Daimler, thus securing its investment in the Beijing Benz Automotive joint venture. According to multiple sources, BAIC has asked local authorities in Beijing to support a 4 …

A Reuters file photo of Mercedes-Benz logo. BEIJING / FRANKFURT: Chinas BAIC Group is seeking to buy up to 5% stake in Daimler as a way to secure its investment in Chinese Mercedes-Benz manufacturing company Beijing Benz Automotive, three sources familiar w…

CarsPublished on May 11th, 2019 | by Jose Pontes 0 May 11th, 2019 by Jose Pontes  March saw the Chinese plug-in electric vehicle market surpass 110,000 units, up 86% year over year (YoY). Meanwhile, the mainstream market was down 7% in March, allowing th…

Share to facebook Share to twitter Share to linkedin Uber founder Travis Kalanick at IPO.  Photo credit: © 2019 Bloomberg, Michael Nagle  © 2019 Bloomberg Finance LP In all the noise about Uber's IPO in New York, what …

By Yilei Sun, Edward Taylor and Julie Zhu BEIJING/FRANKFURT (Reuters) - China's BAIC Group is seeking to buy a stake of up to 5 percent in Daimler as a way to secure its investment in Chinese Mercedes-Benz manufacturing company Beijing Benz Automotive, three…