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Swedish carmaker Volvo will team up with Chinese conglomerate Geely to create a standalone business that merges the existing combustion engine operations of both companies. The resulting merger seeks to establish a new global supplier that will develop the next generation of combustion engines and hybrid powertrains. According to Volvo, …

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Daimler AG, the car manufacturer behind Mercedez-Benz, saw its Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars, Dieter Zetsche, step down from his position at the end of the company’s Annual Shareholders’ Meeting Wednesday, May 22. “Daimler has made significant progress in recent years, …

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