Daimler, Volvo executives skeptical over Geely alliance plan

Because Zhejiang Geely -- headed by Li Shufu -- already owns Volvo Cars, German executives fear any wide-ranging cooperation could strengthen an industry rival.

ET

By:

Edward Taylor

March 07, 2018 05:00 AM

GENEVA -- Executives at Daimler and Volvo question the viability and industrial logic of a plan by their major shareholder, China's Geely, to form an auto industry alliance to counter "tech invaders."

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