Daimler's Mercedes-Benz to outline strategic plan for China

Newswire

By Norihiko Shirouzu BEIJING Aug 27 (Reuters) - Daimler AG's Mercedes-Benz will launch about 20 new or upgraded car models in China over the next two years, part of a broader turnaround effort aimed at reversing the brand's recent struggles in the world's biggest auto market. The plan, a key component of Mercedes' broader "2020 initiative", aims to boost sales of Mercedes-Benz cars in China by a third to more than 300,000 cars a year by 2015, according to two ...

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