Daimler comes to an agreement with Geely to sell a 50% share in his small car, Smart, to the Chinese automaker, Financial Times recited. The sale will be confirmed before the beginning of Auto Auto Show next month, one of the people who knew the plan to the news magazine.
Geely got Daimler's largest single stakeholder when he bought a 9.69% stake in the German lard movement in February last year. More recently, in October, the two joint venture companies have announced a visit in China.
Daimler has been in talks with a number of collaborative partners who may have been working on the next generation of Smart models, Financial Times recite, though Geely's spokesperson refused to comment. The buying out of the categories could also help a German small car company, which sells just 130,000 cars a year compared to 2.25 million units a year Mercedes-Benz sells, said the report.
A Daimler chief executive, Dieter Zetsche, who has been made redundant this year, is putting Smart into a company that's no longer safe. Zetsche has been a champion for the comparative car sub-car and it is considered that his successor, Ola Kallenius, is not so passionate about him.
Figures do not work with Smart released, but researchers believe that the comparatives of a comparable type of profits since its inception 21 years ago, the report is not a report. Measurement of Smart ISI Evercore records as missing between 500 million euros (RM2.29 billion) and 700 million euro (RM3.21 billion) per year, Financial Times said the priest.
However, a part-selling with Geely could face political challenges in Berlin, because Germany has been worried that Chinese companies have a greater impact on German businesses, and t and that is Europe's biggest economy.
After Geely bought at Daimler, a draft law was allowed to allow the German government to invest more than 15% with non-European companies in sensitive businesses, from defending to energy, the report said, t Many European cities have concerns about the ability to move technology to China after receiving EU funding.