STUTTGART, June 21 (Reuters) - Germany's Daimler plans to invest heavily in its revamped flagship long-haul truck to better compete with top rival Volvo , the head of Daimler Trucks said.
"We are investing a total of more than 2 billion euros ($2.87 billion) in development and production of the new Mercedes-Benz Actros," Andreas Renschler told Reuters in an interview. (Reporting by Hendrik Sackmann; Writing by Maria Sheahan) ($1=.6971 Euro)