Daimler invests 3 billion in German factories
Daimler announced will invest 3 billion euros in developing the line of compact models.
Daimler, the second luxury car manufacturer in the world, wants to invest 3 billion in German factories to expand its line of compact models.
Manufacturer Mercedes models will increase production capacity of the plant in Rastatt, and n part of an expansion worth 600 million euros, announced Executive Director Daimler, Dieter Zetsche.
Auto manufacturers must be prepared for a polarization of increasingly high industry: cars will be either better or cheaper," said Zetsche.
Daimler invests in production equipment, in the context in which their group is the worst crisis car market.
German group, which will reduce expenses by more than 4 billion euros this year, has returned to profit in the third quarter, after nine months of the loss, amid strong demand for model Mercedes-Benz E-Class.
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Audi will invest in the next 3 years more than 7 billion euros. Audi will invest 7.3 billion euros in the coming three years, announces Axel Strotbek, financial director of German company.
Much of this amount, about 80%, will be to develop and produce new models, the main objective allmerica the following to be seconded Ingested rivals Mercedes and BMW.
Ford Motor Co., the only large American car manufacturer which averted bankruptcy last year, it posted a net profit of 2.7 billion U.S. dollars annually for 2009, after a record loss in 2008, reports Bloomberg.
British Rolls-Royce Group reported Thursday an increase of 4% of profits before payment of taxes in 2009, to 915 million pounds (about 1 billion euros), amid increase in the number of orders, show the preliminary results presented Thursday.
In 2008, Rolls-Royce recorded a profit before taxes of 880 million pounds payment.
Evonik and Daimler and establish strategic alliance for the development and production of lithium-ion batteries.
VW Group proves stronger than crises and go against the current, managed to make a profit.
Volkswagen, the largest carmaker in Europe, reported an operating profit of 1.5 billion euros in first nine months of the year. The difficulties of the Great Depression brought very weak results, mainly in the third quarter of 2009.
Drawing an initiative under way in London, the automotive group Daimler AG and the energy group RWE AG announced Friday 5 September 2008 launch of a joint pilot project to promote electric cars in Berlin. At first, Daimler will put in place in the German capital more than 100 electric cars to its flagship brand Mercedes-Benz and Smart.
Toyota Motor Corp., Which benefits from excess production capacity in North America in a period when sales decline, will spend about 500 million dollars to re-equip a factory in Indiana, being the largest investment in 2009, reports Bloomberg .
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