Capital expenditure

In order to achieve our ambitious growth targets, we will expand our product range in the coming years and develop additional production and distribution capabilities. We also want to make sure that we can play a leading role in the far-reaching technological transformation of the automotive industry. For this purpose, we will invest a total of approximately €10.2 billion in property, plant and equipment in the years 2013 and 2014. (See graphic 3.47 and table 3.48) We will thus exceed the already very high level of the past two years by €1.2 billion. In addition to capital expenditure, we are developing our position in the emerging markets by means of targeted financial investment in joint ventures and equity interests. These include our joint ventures with BAIC and Foton in China as well as Engine Holding with Rolls-Royce.

Daimler AR2012 Investment 2013 2014

3.48

Investment in property, plant and equipment
  2011 2012 2013-2014
In billions of euros      
       
Daimler Group 4.2 4.8 10.2
Mercedes-Benz Cars 2.7 3.5 7.3
Daimler Trucks 1.2 1.0 2.0
Mercedes-Benz Vans 0.1 0.2 0.7
Daimler Buses 0.1 0.1 0.2
Daimler Financial Services 0.02 0.02 0.03

At the Mercedes-Benz Cars division, the focus of our capital expenditure will be on renewing and expanding our product range. The main projects include the expansion of our model range in the A-/B-Class segment, preparations for the new S-Class at the plant in Sindelfingen and preparations for the new C-Class family. But substantial investment is planned also for the modernization and expansion of engine and transmission production at the plant in Untertürkheim, as well as for the expansion of our production capacities in the United States. After last year’s high level of capital expenditure, Daimler Trucks will mainly invest in successor generations of existing products and new global component projects in the coming years. At Mercedes-Benz Vans, the focus is on the further development of the existing model range and the expansion of the sales and service organization outside Western Europe, especially in the United States, Russia, Latin America and China. The key projects at Daimler Buses are advance expenditure for new model versions, future emission technology and alternative drive systems.