Tag: Chinese carmaker

• Thursday, December 26th 2024 - 09:20 UTC

  Brazilian authorities close car manufacturing plant due to “forced labor”

  

  Brazilian authorities reported this week that some 163 workers had been rescued from slave-like conditions at the BYD plant in Camaçari, a municipality in the metropolitan area of Salvador, in the state of Bahia.

• Thursday, March 8th 2018 - 09:28 UTC

  Chinese carmaker acquires US$ 9bn stake in Mercedes Benz, expecting to share auto technology

  

  Li Shufu, chairman of Chinese carmaker Geely, is making waves in the global auto market after buying a US$ 9 billion stake in Germany’s Daimler. Li, 54, the son of a farmer from China’s Zhejiang province, has led a major acquisition push globally since 2010, when he took over Swedish car brand Volvo from Ford Motor, US$ 1.8 billion deal.