Geely not planning more automotive deals

Frankfurt : Li Shufu, owner of China’s Geely, has no plans to buy further stakes in carmakers after building up a holding of almost 10 percent in Daimler, he told a German newspaper. “Currently we have no plans for further purchases. We will concentrate for now on the development of existing holdings. There are many ideas, and there is much to do,” Bild am Sonntag quoted Li as saying in an interview.