Daimler
Daimler has asked Goldman Sachs to help it explore increasing its stake in Chinese carmaker BAIC Motor Corp, its main China joint venture partner, two people with knowledge of the matter said.
An increasingly shrill exchange of words between the United States and China that is threatening to trigger a global trade war..
Li has led a major acquisition push globally since 2010, when he took over Swedish car brand Volvo from Ford Motor Co (F.N) in a $1.8 billion deal.
China’s Zhejiang Geely Holding does not plan to buy more Daimler shares “for the time being,” it said on Saturday.
Daimler’s (DAIGn.DE) Chief Executive Dieter Zetsche on Monday said Mercedes-Benz will offer electric versions of all its models by 2022.