AIRLINK 73.85 Decreased By ▼ -1.31 (-1.74%)
BOP 5.40 Decreased By ▼ -0.05 (-0.92%)
CNERGY 4.37 Decreased By ▼ -0.02 (-0.46%)
DFML 29.09 Increased By ▲ 1.45 (5.25%)
DGKC 77.14 Increased By ▲ 5.14 (7.14%)
FCCL 20.40 Increased By ▲ 0.11 (0.54%)
FFBL 30.86 Decreased By ▼ -0.19 (-0.61%)
FFL 10.10 Increased By ▲ 0.13 (1.3%)
GGL 10.57 Increased By ▲ 0.30 (2.92%)
HBL 114.50 Decreased By ▼ -0.50 (-0.43%)
HUBC 131.00 Decreased By ▼ -0.45 (-0.34%)
HUMNL 6.77 Decreased By ▼ -0.10 (-1.46%)
KEL 4.07 Decreased By ▼ -0.13 (-3.1%)
KOSM 4.67 Decreased By ▼ -0.10 (-2.1%)
MLCF 39.78 Increased By ▲ 2.70 (7.28%)
OGDC 134.40 Decreased By ▼ -1.05 (-0.78%)
PAEL 24.25 Increased By ▲ 0.85 (3.63%)
PIAA 27.45 Increased By ▲ 0.14 (0.51%)
PIBTL 6.68 Increased By ▲ 0.08 (1.21%)
PPL 113.55 Increased By ▲ 0.39 (0.34%)
PRL 28.65 Decreased By ▼ -0.10 (-0.35%)
PTC 15.20 Decreased By ▼ -0.30 (-1.94%)
SEARL 57.20 Decreased By ▼ -0.13 (-0.23%)
SNGP 66.80 Decreased By ▼ -0.19 (-0.28%)
SSGC 11.15 Decreased By ▼ -0.02 (-0.18%)
TELE 9.14 No Change ▼ 0.00 (0%)
TPLP 12.03 Decreased By ▼ -0.02 (-0.17%)
TRG 70.25 Decreased By ▼ -0.14 (-0.2%)
UNITY 23.85 Increased By ▲ 0.20 (0.85%)
WTL 1.33 Decreased By ▼ -0.01 (-0.75%)
BR100 7,456 Increased By 1.1 (0.01%)
BR30 24,315 Increased By 65.3 (0.27%)
KSE100 71,489 Increased By 55.7 (0.08%)
KSE30 23,587 Increased By 20.5 (0.09%)

imageGENEVA: German car and truck maker Daimler is not afraid of new competitors from the technology and telecoms industries, Chief Executive Dieter Zetsche said on Tuesday.

"There is tremendous opportunity in the convergence of the West Coast tech industry and the auto industry with its huge technological depth," Zetsche said at the Geneva auto show.

"We feel we are well equipped to drive that development and to lead it in many areas.

We are open and attentive to all intrusions from all sides," he added.

Asked if Daimler would be open to new forms of cooperation with the likes of Apple and Google, Zetsche said they were already cooperating on several levels.

"We are open to any kind of development," he said, adding he did not know if rumours about Apple building a car were true.

"There is a lot of game-changing underway. We are very open to that," Zetsche said, adding some of the hype of the past had been quickly forgotten.

"I don't think next year in Geneva we will talk about the Apple and Google car." Daimler was still pushing the electric car, and there may be an opportunity to build a large luxury electric vehicle since Tesla had proved there was a market for it. "We are investigating whether this is a possibility for us as well," Zetsche said. Separately, Daimler continues to benefit from strong momentum in luxury-car sales in the first quarter, the CEO said.

"It seems that strong momentum which is now continuing for years, will continue in February as well," Zetsche said, adding sales continued to rise even in Russia where competitors have seen deliveries drop off.

"We have to accept that the overall economy will have an effect on sales; we are prepared but we have not seen it yet," he said on Russia. In China, where the pace of growth is easing, pricing of Mercedes-Benz cars remained good, he said.

Copyright Reuters, 2015

Comments

Comments are closed.