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Daimler rebuffs Geely offer to buy stake

HONG KONG/BEIJING - Daimler AG has turned down an offer from China's Geely to take a stake of up to 5 percent via a discounted share placement, as the German automaker has long been reluctant to see existing shareholdings diluted, sources with knowledge of the talks said. A stake of that size would be worth $4.5 billion at current market prices. Although Daimler declined the offer, it told Geely it was welcome to buy shares in the open market, the sources added. Carmakers in China have embarked on a flurry of dealmaking, as they scramble to boost production of electric and plug-in hybrid vehicles ahead of tough new quotas to be imposed by Beijing, which wants to reduce urban smog and lower the country's reliance on oil. People with knowledge of Geely's thinking said the company was keen to access Daimler's electric car battery technology and wanted to establish an electric car joint venture in Wuhan, the capital of Hubei province. Geely, which also owns Swedish car maker Volvo, is still hopeful it can secure a deal in some form over the coming weeks, they added. The two automakers met in Beijing in recent weeks at Geely's behest. There, the Chinese firm, formally known as Zhejiang Geely Holding Group, offered to take a stake of between 3 percent and 5 percent if Daimler would issue new shares at a discount, the sources said. It was not immediately clear what kind of discount for the shares Geely had in mind or whether Geely was interested in buying the shares on the open market. A spokesman for Geely declined to comment. A spokesman for Daimler said the company was "very happy with our shareholder structure at present", but added that it would welcome new investors with a long-term interest in the company. Shares in Daimler were up 1 percent in early Wednesday trade, in line with the broader market.DAIMLER ALREADY TIED TO BAIC, BYD Geely, which has a market value of some $32 billion, is the leading domestic brand in China with a 5 percent market share, according to an analysis by Nomura Securities. A stake of 5 percent would establish it as Daimler's third-largest shareholder behind the Kuwait Investment Authority and BlackRock, who hold 6.8 percent and 6 percent respectively, according to Reuters data.

Maybach Coupe Teased by Mercedes-Benz | Autoblog Minute

It looks like a new two-door Maybach is on it?s way. Mercedes teased the internet this week with a Facebook post featuring a picture of a red two-door coupe. Maybach Mercedes-Benz Autoblog Minute Videos Original Video autos

How could a lifted Mercedes-Benz G63 AMG be more awesome? Add an axle

We are fully confident in saying that this will be the most amazing thing you see all day. First of all, it's a Mercedes-Benz G-Wagen - in AMG spec, no less. And it's being shown off in high-definition video glory, blasting through the desert, jumping over sand dunes, and generally being awesome. But here's the kicker: It has six wheels. Three axles. And they're all driven. Holy $%!#.
Under the hood is AMG's usual 5.5-liter twin-turbocharged V8, and total output is rated at 536 horsepower and 560 pound-feet of torque. That's impressive and all, but do keep in mind that the G63 6x6 weighs in at 8,322 pounds or, you know, the weight of two E-Class sedans. Combine that with its 18 inches of ground clearance, 37-inch tires and five locking differentials and you've got a vehicle capable of, well, everything you've ever imagined or will ever imagine for the rest of your life.
But the goodness doesn't stop once you open the doors. Oh, no. This thing is fit for a king - or a sheik, more appropriately - with ultimately luxurious seating for four. The rear bench seat has been removed in favor of two bucket seats with a fixed console in the middle, and the rear seats have been moved back beyond the usual B pillar to allow for more legroom.