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
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
