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  • jonwest88 jonwest88 Oct 3, 2011 1:17 PM Flag

    Strong news from Daimler

    From today's WSJ
    WOERTH, Germany—Daimler AG Chief Executive Dieter Zetsche said the German auto maker's truck unit has "a good level of orders" for the first quarter 2012 and said the business aims to grow "much faster" than the overall market, driven by the launch of its new Actros model.

    "We have good reason to be optimistic: Our plants will be working at full capacity until the end of the year," Mr. Zetsche said at the launch event for the new Actros heavy-truck in Woerth, Germany, according to a prepared statement.

    "Initial orders for the Actros have been encouraging," he said, adding that "with this truck we are also taking further advantage of our global economies of scale."

    Daimler's truck unit is the world's largest manufacturer of commercial vehicles by revenue. It has contributed to the firm's strong earnings rebound in recent quarters, driven by growing sales in its core Mercedes-Benz luxury-car brand.

    Daimler sold 259,618 trucks in the January-to-August period this year, up 18% from the same period a year earlier. The division foresees its sales rising by 14% a year on average between 2010 and 2013, according to previous statements.

    Truck sales are expected to exceed 500,000 in 2013 after 355,000, and Daimler aims to sell 700,000 trucks a year by the end of this decade.

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