Mercedes-Benz owner Daimler is nearing a deal to sell a 50 per cent stake in its small-car brand to China's Geely. The sale of the stake in its Smart division will be confirmed before the Shanghai Auto Show in April, said one of the people. The move by Geely, which became Daimler's largest shareholder last year, may be to help out the German group as it struggles to carry the lossmaking Smart brand. (China's Geely set to buy half of Daimler's Smart unit, by Financial Times)
Comment:
Geely represents one of the Chinese enterprises "venturing out" successfully. As a domestic and independent automobile brand, Geely attaches great importance to IPRs, and escorts a series of overseas mergers and acquisitions with solid IP work.
(Editor Shao Jingjing)
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