December 03, 2020 – The Supervisory Board of Daimler AG has given its full backing to the company’s strategic course, the related business plan for the years 2021 through 2025, and the measures derived to achieve the targeted profitability. As one of those measures, the investment plan for the ongoing transformation towards electrification and digitization was confirmed.
From 2021 through 2025, Daimler will invest more than €70 billion in research and development and in property, plant and equipment. Most of this investment will be at Mercedes-Benz Cars. As explained in the Mercedes-Benz Strategy Update on October 6, Mercedes-Benz Cars’ R&D expenditure and capex will decrease during this period and will be more than 20% lower in 2025 than in 2019. Furthermore, within this business plan Daimler Trucks will also be able to accelerate its plans towards emission free transportation.
Management and the General Works Council have also agreed to set up a transformation fund with a value of €1 billion and a term until 2025. This amount comes in addition to the planned investments. The details of the fund will be established by the two parties in the first quarter of 2021. It will mainly be used to promote the further development of future technologies and to safeguard employment during the transformation at the German sites.