Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Daimler upbeat on sales prospects in China: executive

Published 12/13/2019, 08:50 AM
Updated 12/13/2019, 08:55 AM
Daimler upbeat on sales prospects in China: executive

STUTTGART (Reuters) - Daimler (DE:DAIGn) is very positive about the prospects for selling luxury cars in China next year, the company's China boss Hubertus Troska said on Friday.

“It is going very well. China is a growth market for us. I am very positive for 2020, the demand for premium cars is super,” Troska said.

Daimler has built more than 500,000 vehicles in China this year and overtaken German rival Audi in volume terms, Troska said, adding that production of the electric Mercedes EQC had just started.

Troska declined to comment on whether BAIC had raised its stake in Daimler but said the company welcomed all long-term investors. He added that Daimler continues to evaluate further cooperation opportunities with Geely.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.