Daimler says China business picks up again - report

In China alone, Daimler has sold around 50,000 vehicles again in March.
By : Reuters
| Updated on: 26 Apr 2020, 15:42 PM
An arrow in front of the Mercedes-Benz Museum shows the way to the Daimler headquarters. File Photo used for representational purpose only. (REUTERS)
An arrow in front of the Mercedes-Benz Museum shows the way to the Daimler headquarters. File Photo used for representational purpose only. (REUTERS)
An arrow in front of the Mercedes-Benz Museum shows the way to the Daimler headquarters. File Photo used for representational purpose only. (REUTERS)
An arrow in front of the Mercedes-Benz Museum shows the way to the Daimler headquarters. File Photo used for representational purpose only.

Mercedes-Benz maker Daimler has seen business stabilise in China after the country ended coronavirus lockdowns, a senior manager at the German carmaker 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.

(Also Read: Daimler Mercedes-Benz is stopping hydrogen car development. Here's why)

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% of total sales.

Trending Cars

Find More Cars

Starting 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.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

"We won't reach this number right away when production starts next week," said Schaefer.

Daimler reported a plunge of nearly 70% 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.


First Published Date: 26 Apr 2020, 15:42 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city