Daimler CEO says no signs of hostile takeover by Chinese car magnate Li Shufu

BEIJING – German car maker Daimler AG’s boss said on Wednesday there was no indication the firm’s largest shareholder, Chinese auto magnate Li Shufu, was planning a hostile takeover, after he took a $9 billion stake in the firm earlier this year. Dieter Zetsche, Daimler’s chief executive, said Li, the head of Chinese carmaker Geely, had told the firm he had no intention to go beyond his near 10 percent current stake in Daimler, which…

"Daimler CEO says no signs of hostile takeover by Chinese car magnate Li Shufu"