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Daimler sees scope for growth through acquisitions

Sun Jan 27, 2008 6:25am EST
 
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FRANKFURT, Jan 27 (Reuters) - German car and truck maker Daimler (DAIGn.DE: Quote, Profile, Research, Stock Buzz) sees opportunities for growth through acquisitions, especially in the field of commercial vehicles, its chief executive was quoted on Sunday as saying.

Dieter Zetsche, in an interview with the German financial weekly Euro am Sonntag, did not identify any potential takeover targets.

"We see possibilities to achieve growth to some extent through acquisitions, less so in private cars but certainly in commercial vehicles," Zetsche said.

Daimler, maker of Mercedes-Benz premium cars, has a market value of 53 billion euros ($78 billion), according to Reuters data, and production in 17 countries, according to the group's Internet web site.

The group's truck unit, Daimler Trucks, is the world market leader. It sold 467,000 heavy, medium and light-duty vehicles in 2007, Daimler said on Jan. 23. (Reporting by Peter Starck; Editing by Quentin Bryar)

 

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