April 25, 2013

Daimler strengthens its commercial vehicle business in China

Daimler AG further enhances its clout on the important Chinese market. With the foundation of 'Daimler Trucks and Buses China Ltd.' (DTBC), the company establishes a legally independent entity for its truck and bus business in China. The entity has already obtained its
business license from the Chinese authorities.

"We continue the structural realignment of our business in China with our newly established entity 'Daimler Trucks and Buses'," said Hubertus Troska. "The new commercial vehicle entity is another milestone for Daimler in China and highlights our long-term commitment to the world's largest vehicle market, which promises to offer enormous potential in the future as well."

"DTBC will provide a solid framework for future expansion of the existing truck business and continuously broaden our range of products, for instance in the bus segment," said Robert Veit, President and CEO of DTBC. "With a challenging truck market in China, the establishment of the company is very timely as DTBC will enhance more strategic planning, higher efficiencies, closer collaboration with partners, and faster response to customers."

The new organisation is based on the existing achievments and success of Daimler Trucks in China, with sales of more than 6,100 in 2012. For the sixth year in a row, Mercedes-Benz holds the market lead in the premium segment for imported trucks among European competitors. Strengthening this position in a sustainable way, DTBC will enlarge additional offers such as financing, fleet management as well as FleetBoard telematics solutions, thus supporting customers in the management of their total cost of ownership.

At the same time, Daimler strengthens its presence as the world's leading global bus manufacturer with the establishment of DTBC. The entity will facilitate exploring and exploiting new business opportunities in the market.


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