Volvo owner Geely still seeks a stake in Daimler

Geely, the Chinese owner of Swedish carmaker Volvo, is serious about moving in on Daimler. The German paper Bild am Sonntag reported in its feature on Geely’s chairman Li Shufu that the Chinese industry giant is seeking to become Daimler’s biggest shareholder, likely exceeding the 6.8-percent stake of the Kuwait Investment Authority.