With Daimler deal, Geely’s Li Shufu continues to bet big on global push
– sometimes compared to U.S. auto icon Henry Ford.
– potential boost in his bid to convince the German company to share technology with Geely.
– AB Volvo said it would drop a board member because Li’s stake in Daimler created competition concerns.
FCA will drop diesel vehicles by 2022, report says
– Under a four-year plan to be unveiled on June 1.
– Toyota said it would likely not unveil another model with a diesel engine.
– Diesel’s dominance in Europe has fallen since Volkswagen Group’s emissions scandal.
GM Korea seeks to trim benefits, wages, letter says
– will propose a base wage freeze and no bonuses … suspension of some worker benefits.
– company should trim benefits worth a combined 300 billion won ($279 million).
– dropped a request to use its South Korean factory in Bupyeong as collateral for debt.
