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Daimler, Volvo Cars executives sceptical over Geely alliance plan

GENEVA, March 7 (Reuters) – Executives at Daimler and Volvo Cars question the viability and industrial logic of a plan by their major shareholder, China’s Geely, to form an auto industry alliance to counter “tech invaders.”

Li revealed last month he had built up an almost 10 percent stake in Mercedes-Benz maker Daimler, hoping to access electric and self-driving cars technology as a way to respond to new competitors such as Uber and Google.

But executives at the Geneva auto show from both Daimler and Volvo Cars questioned how a deal could work without compromising their own independence and leadership in key technologies.



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