Geely chairman not looking for Daimler board seat

by SpeedLux
Daimler logo

Li Shufu, the founder and main owner of China’s Geely, is not seeking impact over Daimler’s strategy through representation on its board after building up a stake of nearly 10 percent in the German automaker, according to a newspaper interview.

“I respect the values and culture of Daimler. I have never asked for a seat on the supervisory board, and that doesn’t have any importance for me,” German weekly Bild am Sonntag quoted the founder as saying in an interview.

Geely’s purchase of a $9 billion stake in the owner of Mercedes-Benz cars has revived fears in Germany of its highly-prized expertise falling into Chinese hands.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.