Daimler starting year with optimism after strong finish to 2020

Daimler CEO Ola Kaellenius has said that the sales growth in the fourth quarter was driven by China but not China alone.
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| Updated on: 10 Jan 2021, 01:27 PM
File photo of Daimler logo on steering wheel (REUTERS)
File photo of Daimler logo on steering wheel (REUTERS)
File photo of Daimler logo on steering wheel (REUTERS)
File photo of Daimler logo on steering wheel

Daimler is starting the year with optimism after a strong finish to 2020, Chief Executive Ola Kaellenius said, adding that sales in the fourth quarter had continued the strong trend seen in the preceding three months.

Sales growth in the fourth quarter was "driven by China - but not China alone", Kaellenius told reporters, after reaching 4% year-on-year in the prior quarter. Daimler will publish its fourth-quarter sales on Friday.

(Also read | Mercedes-Benz meets CO2 target with late-year surge in EV sales)

Kaellenius also said Daimler had achieved its CO2 reduction goal last year, when it sold nearly 160,000 electric vehicles under the Mercedes brand as well as 30,000 of its electric Smart microcars.

First Published Date: 10 Jan 2021, 01:27 PM IST
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