Daimler Board Signs Off Mercedes-Benz Business Plan for 2022-26
02 December 2021 - 5:16PM
Dow Jones News
By Giulia Petroni
Daimler AG on Thursday said its business plan for Mercedes-Benz
involving investment for over 60 billion euros ($68 billion) for
the 2022-26 period has been approved by its supervisory board.
The German car maker said the plan foresees Mercedes-Benz going
fully electric by the end of the decade and focusing on growth
opportunities in its passenger car and vans businesses after the
spinoff of Daimler Truck.
The approval reinforces the company's commitment to previously
released margin targets and supports existing measures to
consistently increase efficiency and lower fixed costs, according
to Daimler.
The company added that future investments will mainly focus on
electric mobility, with standardised battery platforms and scalable
vehicle architectures expected to contribute cutting variable costs
of vehicles.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
December 02, 2021 12:01 ET (17:01 GMT)
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