Daimler Buses Aims for Higher Margins to Boost EV, Digitization Investments
By David Sachs
Daimler Truck's bus segment set higher profitability targets that it said will help pay for investments in electrification an digitization.
Daimler Buses said Monday that it aims for an adjusted return on sales of 8% by 2025. The German subsidiary posted an adjusted margin of 4.7% last year, according to the company's annual report.
The bus-maker said that it hopes to reach an adjusted margin of 9% by 2030.
"Most of all, this is intended to provide the manufacturer with the means to shoulder the necessary investments relating to the transformation and to strengthen its competitiveness over the long term," the company said.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
March 18, 2024 07:04 ET (11:04 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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