Capital expenditure

Renewed increase in investment. (See graphic 3.33) In the context of our global growth strategy, we want to make good use of the opportunities presented by international automotive markets. This requires substantial capital expenditure on local production facilities, new products and new technologies. In 2012, we therefore once again significantly increased our investment in property, plant and equipment to €4.8 billion (2011: €4.2 billion). Of that total, €3.3 billion was invested in Germany (2011: €2.7 billion). In relation to revenue, investment in property, plant and equipment reached the very high proportion of 4.2% (2011: 3.9%).

Daimler AR2012 Capital expenditure

At Mercedes-Benz Cars, investment in property, plant and equipment increased by 28% to €3.5 billion in 2012. (See table 3.34) One focus was on the expansion of production capacities for our new compact-class models at the Rastatt plant in Germany and at the new plant in Kecskemét, Hungary. In Sindelfingen, we invested in preparations for production of the new S-Class. In Tuscaloosa, USA, and in Bremen, preparations are already under way for production of the new C-Class as of 2014. At Daimler Trucks, the main areas of investment were the new Mercedes-Benz Antos for heavy-duty distribution transport, the new heavy construction-site truck Arocs and various projects for the global harmonization and standardization of engines and other main components and for meeting stricter emission regulations. We also invested in expanding our production capacities in Brazil and in the new plant in India, where trucks of the new BharatBenz brand have been rolling off the production line since mid-2012. Total investment in property, plant and equipment at Daimler Trucks amounted to €1.0 billion (2011: €1.2 billion). At the Mercedes-Benz Vans division, the focus of investment was on the new Citan small van and the successor generation of the Vito goods van and the Viano passenger van. We also invested in the production and marketing of the Sprinter in Argentina and in the expansion and modernization of the sales organization. The main investments at Daimler Buses in 2012 were in new products and the modernization of production facilities.

3.34

Investment in property, plant and equipment by division
  2012 2011 12/11
In millions of euros     % change
       
Daimler Group  4,827 4,158 +16
in % of revenue 4.2 3.9  
Mercedes-Benz Cars  3,495 2,724 +28
in % of revenue 5.7 4.7  
Daimler Trucks  989 1,201 -18
in % of revenue 3.2 4.2  
Mercedes-Benz Vans  223 109 +105
in % of revenue 2.6 1.2  
Daimler Buses  82 103 -20
in % of revenue 2.1 2.3  
Daimler Financial Services  23 21 +10
in % of revenue 0.2 0.2