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Geely wants to be a tech-sharing 'friend' of Daimler in $9B bet

Chinese carmaker Geely has built up an almost 10-percent stake in Daimler in a $9 billion bet by its chairman that he can access the Mercedes-Benz owner's technology in the growing battle for the future of automotives. The purchase by Li Shufu, Geely's founder and main owner, means China's largest privately-owned automaker is now the biggest shareholder in Germany's Daimler. Geely said on Saturday there were no plans "for the time being" to raise the stake further. Instead, it will seek to forge an alliance with Daimler, which is developing electric and self-driving vehicles, to respond to the challenge from new competitors such as Tesla, Google and Uber. "No current car industry player is likely to win this battle against the invaders from outside without friends. To achieve and assert technological leadership, one has to adapt a new way of thinking in terms of sharing and combining strength. My investment in Daimler reflects this vision," Li said. "Daimler is pleased to announce that with Li Shufu it could win another long-term orientated shareholder, which is convinced by Daimler's innovation strength, strategy and future potential," the German company said in a statement. Geely officials plan to travel to Stuttgart to meet Daimler executives early next week and also hope to meet top German government officials in Berlin, two sources familiar with the matter told Reuters. The Chinese firm plans to use the meetings to underline that it intends to be a supportive long-term investor, they said. Daimler had no immediate comment on any meetings. Geely and the German economy ministry declined to comment. Chinese investors in German technology companies have tended to take a consensual approach, buying incremental stakes in companies such as robotics firms Kuka and Kion, typically after long consultation with management and other stakeholders. In November, Geely asked Daimler to issue new shares so it could buy a stake, as a way to access Mercedes-Benz technology for electric cars and trucks, including battery technology, to help Geely comply with a Chinese crackdown on pollution. But the German company turned down the offer saying it did not want to dilute existing shareholders, sources at the time told Reuters. Li changed tactics, and quietly amassed a stake of 9.69 percent worth $9 billion at Daimler's current share price.

Aston or Bust? Maybach's fate to be decided next month

2011 Maybach 62 - Click above for high-res image gallery
What will become of Maybach? That question has been rattling around the halls of Daimler headquarters in Stuttgart for some time now. But all questions will be answered, and answered soon: according to reports, the German automaker is currently evaluating prototypes and propositions for its top-end marque, and will make its decision next month.
So, what are the options? On the one hand, Daimler could kill the Maybach brand altogether. It was a notion ill conceived and even more poorly executed, taking an old platform and building a new flagship atop it. In that way, it was sort of like the Chrysler Crossfire, only far more costly to both the buyer and manufacturer. On the other hand, Daimler could opt for the long-time-coming proposition of contracting the production (and possibly much of the development) of a new generation of Maybachs to Aston Martin.

Mercedes-Benz F 015 Luxury in Motion has an absurd name, remarkable vision

We often hear about cars that don't look good in pictures. "You need to see it in person," people say. Well, the Mercedes-Benz F 015 Luxury in Motion, which the company brought to Detroit after debuting it at CES, is just such a vehicle. Besides having a very silly name and looking, according to one Autoblog editor, like a suppository, this is a genuinely striking piece of design when viewed in the metal. The shape is aerodynamic in the extreme, but still features subtle details and styling cues. Whether that be the small dorsal ridge on the roof, the simply huge wheels and the Cylon-like, wraparound taillights, despite a fairly uniform shape, there's still a lot to see on the F 015. That's doubly true in the cabin, which is typically luxurious, while also doubling as a rolling lounge withs eating for four. Accessible via barn doors that open up to 90 degrees, the F 015's cabin features fine woods and leathers, as well as seats that swivel around to face each other. Screens abound (there are six in total), and gesture-and-touch-based controls are the order of the day, producing what Mercedes calls a "digital arena." As an autonomous vehicle, MB doesn't offer a lot of technical information on propulsion or guidance systems, simply saying that the pod-like concept could accommodate an electric motor and fuel cell. Take a look at our gallery of live images Mercedes' sci-fi vision, and if there's an auto show coming to your neck of the woods, get out and see this strange and impressive car.