Today’s top business headlines before the opening bell on Wall Street: - US trade deficit falls 15% - Ford will close three plants in Russia - 'Avengers: Endgame' could be over in three hours
London 1. Daimler and Geely team up: Daimler has teamed up with Geely to transform its Smart brand into an electric carmaker focused on China's vast market.
Under the agreement announced Thursday, the next generation of Smart cars will be assembled at a plant in China with sales starting in 2022. Prior to that, Daimler will continue to produce Smart cars at plants in France and Slovenia. "Our smallest vehicle still has huge potential — in China and beyond. Geely is the right partner to take advantage of these opportunities," Daimle CEO Dieter Zetsche wrote in a blog post. Geely and Daimler will each own 50% of the global joint venture.
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Auto giants Daimler and Geely Holding team up to develop electric carsThe joint venture will see cars assembled at a purpose built electric vehicle factory in China.
Consulte Mais informação »
Daimler to develop Smart brand together with GeelyDaimler will build its next generation of Smart electric cars in China through a...
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