Daimler welcomes Geely as new shareholder

Image
Reuters DUESSELDORF
Last Updated : Feb 28 2018 | 11:35 PM IST

DUESSELDORF (Reuters) - Daimler welcomes a large shareholder like Geely, the German carmaker's China chief Hubertus Troskasaid on Wednesday.

"We see this as positive," Troska said at a conference.

Chinese carmaker Geely on Friday revealed it had built up an almost 10 percent stake in Daimler in an attempt to force an industrial alliance to access the Mercedes-Benz electric cars technology.

Troska also said that stake was purchased on the open market and that chief Li Shufu was considered a visionary entrepreneur at Daimler.

(Reporting by Matthias Inverardi; Writing by Edward Taylor and Tom Sims; Editing by Susan Fenton)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 28 2018 | 11:20 PM IST

Next Story