Daimler sees 3% increase in sales in first quarter due to success of Maybach model

By Sean Galea-Pace
Share
The automotive manufacturer, Daimler, has revealed a 3% rise in sales during the first quarter as it bucks the trend of a significant downturn in the la...

The automotive manufacturer, Daimler, has revealed a 3% rise in sales during the first quarter as it bucks the trend of a significant downturn in the largest car market in the world, according to Reuters.

Due to the increased interest in ultra-luxury vehicles such as the Mercedes S-Class Maybach, Daimler’s China chief, Hubertus Troska, revealed that demand is over 600 models every month.

“The Maybach it is still going excellent. Demand is more than 600 a month,” Troska commented.

SEE ALSO:

Despite the list price for the model increasing, demand has jumped from an original sales rate of 500 a month. It is expected that China’s move to lower value added tax will help to increase the overall demand for vehicles for the rest of the year.

“I am cautiously optimistic that we can see positive momentum,” Troska added.

Share

Featured Articles

Tata & JLR: Supercharging Next Gen Automotive Connectivity

With the Tata Communications MOVE platform, JLR is ensuring electric fleet connectivity, driving the future of software-defined automotive manufacturing

FUJIFILM Diosynth Biotechnologies Expands in Denmark

The life science company FUJIFILM Diosynth Biotechnologies is investing in its Hillerød site to drive the development & advancement of Danish life science

Reviewing Trump's First Term to Prepare for the Second

With Donald Trump returning to the White House, we reflect on the impact of the manufacturing policies, rules and tariffs imposed during his first term

Amazon Delivers One Billion Packages via Electric Vehicle

Sustainability & ESG

Rolls-Royce Invests Millions to Expand Goodwood Facility

Production & Operations

Manufacturing Unwrapped: Manufacturing Leader Jeff Winter

Digital Factory