Difficult market in Europe and Latin America
Although the markets in NAFTA and Asia did very well in the first months of 2012, the market situation is rather difficult in Europe and in particular in Latin America. Daimler Trucks expects conditions to improve in the second half of the year. Daimler Trucks is on track to reach its strategic return on sales target of 8% as measured across the business cycle. The target figure is a sustainable average that the division aims to achieve from 2013 on.
Increase market share
“In 2012 we will once again prove that our Global Excellence Strategy is working well. We operate worldwide, our by now five truck brands offer the right products for every region, and we are now just hitting our stride in the growth markets of India and China”, said Andreas Renschler, the Daimler Board of Management member responsible for Daimler Trucks and Daimler Buses, in Stuttgart. The division aims to increase its market share in all regions.
Daimler Trucks’ platform and module strategy allows it to generate extensive synergies, which will help the division to reach its margin goals. “The message is clear: We aim to become the regional champion wherever we enter the market, and thus also become Number 1 worldwide in our industry,” said Renschler. “Ultimately we want to achieve a sustained average return on sales of 8% per year beginning in 2013 and extending across the business cycle.”