China automobile business is showing recovery, says Daimler

by SpeedLux
china cars

German automaker Daimler has seen business stabilize in China after the country ended coronavirus lockdowns, a senior manager at the automaker informed a newspaper on Sunday.

“In China alone, we sold about 50,000 vehicles again in March. That makes us confident,” said Markus Schaefer, managing board member for production, according to Bild am Sonntag newspaper.

Mercedes-Benz delivered about 477,400 passenger cars globally between January and March. The report did not mention how many of those went to consumers in China, who purchased 694,200 Mercedes-Benz cars last year, 29% of overall sales.

Starting Monday, cars are set to roll off the automaker’s assembly line again in Germany. The Sindelfingen and Bremen passenger-car factories will begin production of E- and S-Class vehicles.

China remains the largest market for the S-Class built in Sindelfingen. Normally several hundred vehicles roll off the assembly line in Sindelfingen on daily basis.

“We won’t reach this number right away when production starts next week,” Schaefer added.

Daimler reported a decline of almost 70% in first-quarter operating profit on Thursday because of the pandemic and cautioned that the cash flow it uses to pay dividends would decline this year.

About 82,827 people in China, have been confirmed as being infected with the coronavirus of which 77,346 have made recovery. The virus has killed 4,632 people in the country. Although these figures are heavily disputed and experts say the government has deliberately under-reported the figures.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More