The value of the deal is reported to be $1.5 billion for the Bengaluru-based company, its biggest win since partnership with Daimler in 2020
Daimler
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Baden-Württemberg
German auto powerhouse state unveils Dubai Expo 2020 pavilion
Southern German state of Baden-Wurttemberg says pavilion will feature cold air lake and artificial mist
Crown Prince Mohammed bin Salman
Saudi Arabia shutting out German businesses – report
Germany’s Der Spiegel reported that the unconfirmed move will have an impact on major firms such as Siemens and Daimler
Careem
Dubai’s Careem said to weigh $500m in funding
Sources say Dubai-based ride-hailing company plans to raise the money as a precursor to a possible initial public offering
billionaires
Chinese billionaire Li Shufu buys biggest single stake in Daimler
The size of the stake leapfrogs a 6.8-percent stake in the Stuttgart-based group held by Kuwait