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Daimler’s Zetsche Talks About Future With New Investor

Geely's Li Khufu is Daimler's largest investor, which may foster new deals.

by on Apr.05, 2018

Daimler AG's Dieter Zetsche discusses the company's future during its annual shareholders meeting.

Daimler AG continues to enjoy record success even as it spends heavily on new investments to prepare the company to meet future challenges in an auto industry that is changing quickly and dramatically even as it adjusts to new shareholders.

Daimler CEO Dieter Zetsche also moved quickly at the beginning of the company’s annual shareholders meeting in Berlin to head off questions about the investment of Li Shufu, the Chinese entrepreneur who recently acquired approximately 10% of Daimler’s shares.

Global News!

“I’d like to start by saying our talks with Li Shufu have been very positive,” Zetsche said. “He wants to have a long-term investment with Daimler and he supports our successful strategy,” said Zetsche, adding that future collaboration with Li Shufu’s automotive empire, which includes Geely, the Chinese company he founded, and Volvo, is a possibility. (more…)