Report: Daimler Could Take Tiny Stake in Volvo Cars

Daimler AG may agree to supply engines to Volvo Car Corp. and could even buy a small amount of equity in the company, Manager Magazin opines.

The magazine raises the possibilities without citing a source. Daimler dismisses both ideas as pure speculation. Volvo declines to comment.

Volvo Cars is owned by Zhejiang Geely Holding Group Co. In February, Geely Chairman Li Shufu spent $9 billion on the open market to acquire a 9.7% stake in Daimler. Li had been rebuffed in November after offering to spend $4.5 billion to buy discounted new shares in the carmaker.