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from a report in the "Car Connection":
"DaimlerChrysler AG plans to invest $40 billion in the U.S. over the next five years, while stoking an aggressive research and development effort that will maintain the company's technical leadership in key areas, says the company's top executive.
Juergen Schrempp, in a rare public appearance in the U.S. , also said that DaimlerChrysler's strong brands and broad product portfolio have given it a unique position in today's global automotive industry.
Executives from the German-American automaker sketched out the company's research objectives during a two-day symposium Washington D.C. arranged to highlight the company's technical prowess and its contributions to the U.S. economy. "For DaimlerChrysler, innovation is a key factor for profitable growth. A firm element of our strategy is to set trends in the worldwide automotive industry with our pioneering innovations and developments," added Schrempp, who said sustained investment in research and development is a key part of the company's overall strategy. Thomas Weber, the executive in charge of DaimlerChrysler's research and development effort, said the company's efforts also have a very clear direction. DaimlerChrysler now spends 15 million euros or more than $18.6 million every day on results-oriented research that is focused on three core areas, including safety, propulsion and fuels, and finally the overall design of the car of the future. "
"DaimlerChrysler AG plans to invest $40 billion in the U.S. over the next five years, while stoking an aggressive research and development effort that will maintain the company's technical leadership in key areas, says the company's top executive.
Juergen Schrempp, in a rare public appearance in the U.S. , also said that DaimlerChrysler's strong brands and broad product portfolio have given it a unique position in today's global automotive industry.
Executives from the German-American automaker sketched out the company's research objectives during a two-day symposium Washington D.C. arranged to highlight the company's technical prowess and its contributions to the U.S. economy. "For DaimlerChrysler, innovation is a key factor for profitable growth. A firm element of our strategy is to set trends in the worldwide automotive industry with our pioneering innovations and developments," added Schrempp, who said sustained investment in research and development is a key part of the company's overall strategy. Thomas Weber, the executive in charge of DaimlerChrysler's research and development effort, said the company's efforts also have a very clear direction. DaimlerChrysler now spends 15 million euros or more than $18.6 million every day on results-oriented research that is focused on three core areas, including safety, propulsion and fuels, and finally the overall design of the car of the future. "
