Daimler is close to a deal

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      On Tuesday, the Financial Times quoted three people familiar with the situation as saying that Daimler (DAIGn. DE) was close to a deal with China Geely Automobile (0175. HK) to sell a 50% stake in the small car brand Smart.
The Financial Times said the sale of Smart shares would be confirmed before the Shanghai Motor Show in April.
Neither Daimler nor Geely responded to Reuters'requests for comment.
Last year, Geely's chairman paid $9 billion to acquire nearly 10% of Daimler, becoming Daimler's largest shareholder.


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