Daimler AG plans to more than double output of its Mercedes-Benz brand models to 2.7 million by 2020 in its goal to become the world’s largest luxury automaker. According to a report by German business magazine Manager Magazin, Daimler CEO Dieter Zetsche plans to open new plants in China and the United States to meet the goal.
Daimler aims to overtake BMW and Audi as the top producer of luxury cars by 2020. Mercedes sold 1.26 million units in 2011, just 120,000 short of the BMW brand.
Around 2017-2018, Daimler plans on opening a new manufacturing plant in the United States to produce the A-Class with Nissan as its partner.
– By: Omar Rana