Sept. 28 - Daimler is being outpaced by rivals Audi and BMW. We ask chairman Dieter Zetsche how he plans to fight back.
Don has just announced a deep -- with reminiscent on engines and people -- -- -- -- -- -- just now I'll study -- such a company chief executive. Why did this joint venture that would prove more successful than some of the company's very difficult cost files with other manufacturers. Well obviously as you mentioned various times that this this. Strategic cooperation. Witches. Based on their business logic. Where we have declined in the very beginning that was the reason for this corporation refutes a corporation movies so benefits from both sides. -- worked together since then we've phones quite a number oh by the very interest in areas all of so called win win -- win win win with three partners in this case -- perspectives. More as a symbol. We did this cross shareholding in the model 3% business is most up to -- post -- this is it this is it. Paris so this is there on on free intentions. We are working together is because it's just it. Good thoughts and that I think is the reason why it's working so well of course you've warned on profits recently you tell us what its contribution this -- -- my two Tony -- situation around. We have -- not -- -- profits. We have adjusted or guidance. Basically to their level of that -- expectation. Existing in there financial markets anyway them. We are and we announced as though that we. Putting a program to go though. Which will help us to vote and -- so competitiveness we all of us that that this corporation. Is something which helps all three -- to improve the competitiveness though this is an element. A lot of concern via ballots the outlook for trying to moaned in China -- team -- -- -- to -- -- can you give -- -- out of that market and tell us when you gonna completes I think -- of the strategic review your operations that. That evidence that -- important schools when we gonna get beat you plan from the I'm a full full time. Because of all. Certainly we have. Phase or Peter off. -- growth in China with talk about growth but somewhat lesser growth than we experience today in recent years right now. My perspective on China is that -- China would continue. On. Very significant growth rate in the years to come. And auto market will continue to grow significantly specifically for premium income makers. We did not announce. Major restructuring or or change or set up in China. We said that after five years ago for a tremendous growth I didn't allow competitors. You know we know have seen in the phase of the few months. Where. The momentum was in the war. And that we addressing a number of areas to and reunite this great momentum we have before and that's exit to a community. -- a -- I'm also a little concerned that show about the future of intensive. Drive trains some -- view and saying that the electric dreams faded away. As a hybrids about a bit futile so dorm room loan amount of fuel efficient -- but do you apartments now -- Walter what's your view of hybrids now on I'll blame them better bet than pure electric. Am I don't think that we have this either or. The commission lying in front of us that we re going for petrol electric cars. We continue to do so we launched him into the marketplace and this muffins taking off very promising -- We -- the forests. -- come -- exit and come up with a hybrid. We eroding -- -- rips across our product lineup and with -- diesel -- With the heat to us with four point -- nuclear. Consumption we the actual benchmark in this industry. M and we continue to. Pushed if you so forward because there was not be this one solution. The future. The hype which is going onto one of the other technology once and one is not mainly driven by that OEMs. And we go on a more consistent wave forwards to work on this long term transition from combustion engines to -- -- entrapment.