Mercedes-Benz to invest 60 billion Euro into 2022-2026 plan
Daimler AG’s Supervisory Board at its meeting today approved the Mercedes-Benz Business Plan for 2022 to 2026, endorsing the strategic plan for Mercedes-Benz to go fully electric. Following the Daimler Truck spin-off, Mercedes-Benz will focus on profit and growth opportunities in the passenger car and vans businesses.
For the transformation into a software-driven and emissions-free future, the Supervisory Board signed off on an investment plan for the years 2022 to 2026 of more than 60 billion euros. Although the company plans to reduce capex, research and development expenditure for the electrification of the product portfolio and digitalization measures, including steps towards automated driving, will remain at a high level.
Ola Källenius, Chief Executive Officer of Daimler AG and Mercedes-Benz AG:
“Our goal is technological leadership in the automotive luxury segment and in the area of premium vans while remaining committed to our ambitious margin targets. Mercedes-Benz has what it takes: a clear strategy, a highly qualified and motivated team, as well as strong support from the entire supervisory board. With the most desirable cars we want to grow profitably and create sustainable value for our customers, employees, shareholders and partners.”
Mercedes-Benz is preparing to go all electric by the end of the decade, wherever market conditions allow. At the same time, the investment plan for 2022 to 2026 remains in line with the goal of cutting capex and research and development spending by more than 20 percent between 2019 and 2025 and to further reduce it beyond this date.
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