XTRA:MBGAuto
Mercedes Benz China Talks With Geely And BlackRock Stake Reshape Outlook
Mercedes-Benz Group (XTRA:MBG) has reportedly held talks with Geely to deepen their China joint venture and broaden cooperation on vehicle development.
The discussions focus on expanding collaboration in one of the world's largest auto markets.
Asset manager BlackRock has disclosed that its voting rights in Mercedes-Benz Group have surpassed the 3% threshold.
The increased stake places BlackRock among the more influential institutional shareholders in the company.
Mercedes-Benz Group, best...