Smart cars have been gaining in popularity but your probably wondering how do I invest in Smart automobile. Well Smart Automobile is a branch of Daimler AG. Daimler AG is a German company and a multinational corporation. They are headquartered in Stuttgard Germany. In addition to Smart their other brands include Mercedes-Benz, Mercedes-AMG, Freightliner, Western Star, Thomas Built Buses, Setra, BharatBenz, Mitsubishi Fuso. They also own shares in Denza, KAMAZ and Renault-Nissan Alliance.
Daimler is the 13th largest car manufacturer in the world and is looking to expand into China. However they are not keeping up with companies such as Audi or BMW, seeing 18% and 15% growth respectively compared to Daimler AG which was flat. With respect to their other brands, china is an expanding market. China is expected to have an increased demand for luxury cars in the years to come. It is not apparent yet weather Daimler will be able to fill the Chinese market but their stock is up this year sitting at $78.16 today up from a low this year of $44.90.
No comments:
Post a Comment