Pursuits
Daimler ‘Still Confident’ in China After Market Plunge
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Mercedes-Benz owner Daimler AG, counting on China to provide the most fuel for car demand growth this year, pledged to keep up its investments after the country’s biggest stock-market rout since 2007.
“I am still positive subject to some stabilization of the stock market,” Hubertus Troska, head of Daimler China, told reporters Monday in Beijing. “I am still confident Daimler will sell significantly more than 300,000 units in China this year.”