Daimler would welcome having Chinese investors as shareholders, says CFO

Article by Christian A., on August 29, 2010

Daimler AG's chief financial officer said that the company is open to having Chinese investors as shareholders and also that it will remain as a major owner of aerospace giant EADS.

In an interview with Boersen-Zeitung last Saturday, Bodo Uebber said that Daimler is positioned strategically in China since it has its joint ventures in the country that produces vans, trucks and passenger cars.

Uebber said that it would be better if Chinese shareholders would later be represented in the shareholder structure. He said that he would suggest that this issue be "tackled in the long term."

However, he doesn't expect in the foreseeable future for the company to have shareholders from either Kuwait or Abu Dhabi.

The state-owned Kuwait Investment Authority has a 6.9% stake in Daimler while 9.08% is owned by Abu Dhabi's Semare Beteiligungsverwaltungs GmbH.

Uebber said that Daimler anticipates selling over 100,000 vehicles in China this year, compared to the 70,000 units sold last year.

According to a prerelease of a different interview with newspaper Welt am Sonntag, Uebber said that Daimler will continue to be a major shareholder in EADS even as it faces financial burdens stemming from the aerospace group.

If you liked the article, share on:

Comments

Recommended

New and improved 2018 Subaru Legacy comes packed with a number of upgraded features from the get go - from the exterior to the interior. And the company has finally...
by - June 23, 2017
In an interview involving Lamborghini CEO Stefano Domenicali and Automotive News, the topic about the Urus was thoroughly discussed. This super SUV is scheduled to make its debut later this...
by - June 23, 2017
Porsche definitely adores variety. You’ll see what we mean if you browse through the official company's website that shows a plethora of various 911 models. And now, the German marque...
by - June 23, 2017
2018 Ford Expedition is on its way to the market, and will be arriving at dealerships this fall. The all-new SUV will come with a new design, new EcoBoost engine,...
by - June 23, 2017
The 2018 Porsche 911 GT2 RS that made its debut not so long ago at the E3 video game expo in Los Angeles has already been sold out according to...
by - June 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries