Home News Daimler intends to decide on cooperation on small cars in 1H

Daimler intends to decide on cooperation on small cars in 1H

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GENEVA (Thomson Financial) – Daimler AG holds its plans finds in the first six months of a decision on a To conclude cooperation in the small car sector. The schedule in contrast, CEO Dieter Zetsche said Tuesday on the outskirts of Geneva Motor Show.
Zetsche wants the presence of the Stuttgart Automobile manufacturer in the small car segment to expand. The project is part of a plan with where the DAX index of the Group’s annual car sales in 2015 to 1.5 Boost million vehicles from 1.13 million vehicles last year’s.
Daimler is negotiating with competitors like the French Renault SA about an alliance in the small car segment. This is intended to Profitabiltät the segment increased.
Given the growing consumer demand for smaller and more fuel vehicles, analysts view it as essential that automakers succeed, the profitability to increase their small car models. Currently, the margins are Small car is generally lower than for larger vehicles.
A final decision to cooperate with the China’s BYD Co in electric vehicles is on the authority of Zetsche soon be taken. Daimler had indicated on Monday that the two Company a letter of intent to develop a new Electric vehicle designed for the needs of the Chinese market had signed.
The new vehicle will, according to one of Zetsche Market Segments aligned the top of the BYD-but under the Mercedes-segment are going. The Stuttgart-based car company will be in the project a "invest significant" sum. Put a figure called the Daimler CEO not.
Last month, Daimler had a detailed outlook given for 2010. Consequently, the car manufacturer expects to increasing revenue and sales. EBIT is the current year with over 2.3 Billion available after Daimler 2009 an EBIT loss of EUR 1.5 billion had recorded.
When asked whether the views in the light of trends Not Mercedes-Benz in the fourth quarter of 2009 is conservative, "said Zetsche, the EBIT forecast is not overly conservative.

   

Site: www.daimler.com

- By Christoph Rauwald, Dow Jones Newswires
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(END) Dow Jones Newswires

March 02, 2010 07:01 ET (12:01 GMT)

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