Daimler could share engines with Volvo, buy minority stake

1.44K 0

Daimler is open to cooperation with Chinese Zhejiang Geely and its subsidiary Volvo Cars, reports the German magazine Manager Magazin.

Geely has recently become the largest independent shareholder in Daimler, the parent company of Mercedes-Benz, with 9.7 percent, following a huge investment from the Chinese firm’s founder, Li Shufu.

Manager Magazin writes that Daimler could provide Volvo with engines and other components. To speed up such cooperation, the German company would consider taking a small share in Volvo. Manager Magazin does not report where the notification is based.

Daimler has a similar collaboration with Aston Martin, which gave the British carmaker access to a Mercedes-AMG V8 petrol engine and various Mercedes components for its interiors.

Daimler also works with Renault-Nissan. For example, Mercedes-Benz and Renault have recently developed a new 1.33-liter petrol engine used in the new A-Class.

In addition, Mercedes-Benz presented the new A-Class with a Renault diesel engine. The brand also builds the X-Class, a pickup truck based on the Nissan NP300 Navara.