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Daimler says business in China is catching up again

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After the country ended coronavirus lockdowns, Mercedes-Benz maker Daimler saw business stabilization in China, a senior manager at the German carmaker told a newspaper on Sunday.

"In March we sold again about 50,000 vehicles in China alone. That makes us confident, "told Bild am Sonntag newspaper Markus Schaefer, managing board member for production.

Between January and March Mercedes-Benz supplied around 477,400 passenger cars worldwide. The report did not say how many of those went to China's customers who last year bought 694,200 Mercedes-Benz cars, 29 per cent of total sales.

Cars are set to roll off Daimler's assembly line once again in Germany starting Monday. Passenger-car plants in Sindelfingen and Bremen will commence production of E- and S-Class vehicles.

China is Built in Sindelfingen's largest S-Class market. Usually several hundred vehicles roll away every day from the assembly line in Sindelfingen.

"When production starts next week, we will not reach that number immediately," Schaefer said.

Daimler reported a drop of nearly 70 percent in operating profit for the first quarter on Thursday due to the pandemic and warned that the cash flow it uses to pay dividends this year would fall.

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