Daimler stayed in the black for 2016, seeing strong showings throughout the company. But analysts were still hoping for more.
Chinese billionaire Li Shufu first made global headlines when he bought carmaker Volvo in 2010. Now, he's acquired a sizable stake in German automaker Daimler, making him one of the industry's most influential players.
Daimler's Media Night presentation at the IAA in Frankfurt was a showy affair, meant to present the Mercedes Benz maker's speeding into the future. But first it has to get through the present, says Janelle Dumalaon.
Today, half the world's electric cars are on Chinese roads: the country is set on becoming the world's technology and market leader. Germany, as a leading research location, could profit greatly from that ambition.
Employees' representatives on Daimler's supervisory board have said they're analyzing Geely's investment in the German carmaker very closely. Their priorities: Protecting existing jobs and production plants.
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