Daimler says China business picks up again

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BERLIN: Mercedes-Benz manufacturer Daimler has seen business stabilise in China after the country ended coronavirus lockdowns, a senior manager at ...

BERLIN: Mercedes-Benz manufacturer Daimler has seen business stabilise in China after the country ended coronavirus lockdowns, a senior manager at the German car manufacturer told a newspaper on Sunday .

"In China alone, we sold around 50,000 vehicles again in March. That makes us confident,", said Markus Schaefer, managing board member for production, told Bild am Sonntag newspaper.Mercedes-Benz delivered a total of approximately 477,400 passenger cars worldwide between January and March. The report did not say how many of those went to customers in China, who bought 694,200 Mercedes-Benz cars last year, 29 per cent of total sales.

Starting on Monday, cars are set to roll off Daimler's assembly line again in Germany. The Sindelfingen and Bremen passenger-car plants will start production of E- and S-Class vehicles. China is the largest market for the S-Class built in Sindelfingen. Normally several hundred vehicles roll off the assembly line in Sindelfingen every day.AdvertisementDaimler reported a plunge of nearly 70per cent in first-quarter operating profit on Thursday due to the pandemic and warned that the cash flow it uses to pay dividends would fall this year

 

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Daimler says China business picks up again: reportMercedes-Benz maker Daimler has seen business stabilise in China after the country ended coronavirus lockdowns, a senior manager at the German ...
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