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Daimler supervisory board indicators off $68B funding plan for Mercedes

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BERLIN — Daimler’s supervisory board signed off an funding plan price over 60 billion euros ($67.88 billion) for the Mercedes-Benz passenger automobile and vans companies between 2022 and 2026.

The corporate goals to be on the forefront of electrical car manufacturing and software program, Daimler stated in a assertion on Thursday.

Present plans introduced in October of 2020 to scale back capital expenditure by 20 p.c from 2019 ranges by 2025 stay in place, the assertion stated, with new spending targeted on electrification, digitalization and autonomous driving.

Growing internet income per car and implementing a direct gross sales fashions shaped a part of this technique, it stated, including that advances in battery know-how and manufacturing ought to assist scale back the price of battery-electric automobiles over time, Daimler stated.

“Our objective is technological management within the automotive luxurious phase and within the space of premium vans whereas remaining dedicated to our formidable margin targets,” Daimler CEO Ola Kallenius stated within the assertion.

The assertion was issued per week earlier than the automobiles and vans division splits off from Daimler truck and buses on Dec. 10.

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