Arab Today, arab today daimler has ambitious aims to catch up with rivals
Last Updated : GMT 16:35:27
Arab Today, arab today
Arab Today, arab today

Battle of the automakers

Daimler has ambitious aims to catch up with rivals

Arab Today, arab today

Arab Today, arab today Daimler has ambitious aims to catch up with rivals

Ready for delivery
London - Deutsche Welle

Ready for delivery German automaker Daimler said it\'s investing billions this year to regain some of the ground it has lost to its rivals BMW and Audi. But not even record sales last year are enough to convince some shareholders. German car producer Daimler announced ambitious plans to increase its profit in the medium term, managers said during the company\'s annual general meeting on Wednesday.
\"Wherever we are engaged, we want to work ourselves to the very top,\" Daimler Chief Executive Dieter Zetsche said \"Where we aren\'t number one right now, we aspire to become the leader of the field.\"
Zetsche recalled that Daimler last year sold 2.1 million vehicles worldwide - more than ever before in the firm\'s 125-year history. In the first quarter of the current year, the company was able to keep up the momentum by increasing sales by 12 percent to 340,000 units.
Daimler said it was aiming to set new record in 2012, fueled by expectations that sales in China, the world\'s biggest car market, would continue to grow. Zetsche also pinned great hopes on India where his company would inaugurate a production facility in two weeks.
Strategic investment.
Daimler announced on Wednesday that it would invest 10.9 billion euros ($14.35 billion) in research and development over the next two years. Another 10.6 billion euros will be put into expanding production facilities.
\"With regard to medium-term and long-term effects, it\'ll be money well spent,\" Zetsche said in a statement.
The investment is also meant to increase long-term profitability, which appears to low for Daimler\'s main shareholders such as the Union Investment company. \"Shareholders are happy about decent dividends,\" Fund Manager Ingo Speich told Reuters news agency. \"But it\'s still true that BMW and Audi are the measure of all things in the premium car segment, and not Mercedes.\".
Daimler offshoot Mercedes-Benz is hoping to regain lost ground by focusing on innovative and environmentally friendly vehicles. The company announced its hybrid E Class cars will go on sale in both sedan and station wagon versions from this fall. It described the cars as the most economical luxury-class vehicles in the world.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today daimler has ambitious aims to catch up with rivals Arab Today, arab today daimler has ambitious aims to catch up with rivals

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today daimler has ambitious aims to catch up with rivals Arab Today, arab today daimler has ambitious aims to catch up with rivals

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today China refuses visa to elderly India runner

GMT 15:01 2017 Tuesday ,26 September

China refuses visa to elderly India runner
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday