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Daimler CEO says Li Shufu partnership requires consensus from BAIC

Reuters  |  GENEVA 

(Reuters) - on Tuesday welcomed [UL] as a new shareholder and said any industrial alliance will depend on whether current China partner <1958.HK> agrees.

The meeting with Li was constructive, Zetsche said and next steps will be decided at a later stage.

"We would like to have consensus with our Chinese partner," Zetsche said, referring to BAIC, the Chinese company with which operates the Benz factory in

The chairman's move may spur into renewing efforts to take a stake in Daimler, Zetsche said, adding that this was a "speculative" assumption on his part.

(Reporting by Edward Taylor; Editing by Christoph Steitz)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 01:52 IST