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Daimler flags possible China co-operation with biggest holder Li Shufu

Daimler's plans announced last year to grant its individual units more independence revived speculation about a spinoff of its trucks division

A Daimler sign name is pictured during the company's annual news conference in Stuttgart, Germany
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A Daimler sign name is pictured during the company's annual news conference in Stuttgart, Germany

Christoph Rauwald | Bloomberg
Daimler AG investors received little to ease concerns over technology sharing and the future of a corporate overhaul after Chinese billionaire Li Shufu became the carmaker’s largest shareholder.

The company is open to explore joint projects with Li Shufu, who has held a 9.7 percent stake since February, provided they don’t interfere with plans of its existing Chinese partners, Chief Executive Officer Dieter Zetsche said at the Stuttgart, Germany-based company’s annual meeting in Berlin. He signaled that any of these projects might be largely confined to the world’s biggest car market.

“In our future discussions of the automobile industry in China, we