Seeking Alpha

Daimler aims high in China

  • Daimler (DDAIF.PK) says it will spend €2B ($2.67B) in China through 2015 to boost local production.
  • The automaker is behind rivals BMW and Mercedes in setting up shop in China.
  • The interim-range goal in China for Daimler is to sell 300K cars annually by 2015.
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