Daimler to increase spending in R&D
Daimler plans to boost spending in R&D though the end of the decade to expand its lineup: more niche vehicles on the horizon.
The German carmaker has announced that it plans to invest £10 billion in R&D until 2010. The company wants to expand its current lineup but also plans substantial investment for new families of engines with low fuel consumption and emissions, as well as for the increased application of alternative drive systems. Last year the carmaker spent £3.1 billion on R&D.
Daimler has to invest a huge amount in R&D in order to comply with the future 2012 European CO2 emissions regulation. Due to be lower than 120g/km, the German carmaker is one of the worst European carmaker on the market as a result of its race to power it initiated more than ten years ago.