Share on StockTwits

A board member told a newspaper, that German carmaker Daimler expects its Mercedes-Benz brand to overtake rivals Audi and BMW by number of cars sold in China this year as its new strategy for the world’s biggest car market starts to bear fruit. Mercedes-Benz’s previously strong momentum in China – where demand for luxury cars is forecast to surpass that of the United States by 2020 – stalled in 2012, with sales volume falling far behind BMW and Audi.

“Daimler Expects Sales To Surpass Audi, BMW In China This Year” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.