Outgoing Daimler Truck CEO sees no recovery in China and Germany
Recasts headline and paragraph 1, adds context in 2-7
MUNICH, Oct 2 (Reuters) -A recovery in Chinese and German truck markets will not come quickly, Martin Daum, the outgoing CEO of the world's biggest truck maker Daimler Truck DTGGe.DE, told a press event late on Tuesday.
He said he did not expect a recovery in the Chinese truck market this year or next, adding that China was in a deep crisis, according to remarks published on Wednesday.
In Germany, Europe's largest truck market, Daum still saw "no light at the end of the tunnel".
Daimler Truck wants to double its electric truck and bus sales this year to 6,000 vehicles, said Daum, who was replaced by former Scania manager Karin Radstrom as of Tuesday, the first woman at the helm of the German group.
Daum also said that a pure focus on sales returns was wrong and that absolute profit was more important for him.
Daimler Truck's supervisory board Chairman Joe Kaeser has called on the company to catch up with the margins of 14-15% at competitors Paccar PCAR.O and Volvo VOLVb.ST - something that Daum called a "thought experiment".
Daimler's adjusted operating return on sales was 9.9% last year, and the company expects to raise it to 12% by 2030.
Reporting by Alexander Huebner; Writing by Andrey Sychev; Editing by Rachel More and Mark Potter
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
