Daimler approves Mercedes-Benz’s 60 billion Euro investment plan

Daimler’s supervisory board has signed off an investment plan worth over 60 billion euros ($67.88 billion) for Mercedes-Benz Cars & Vans between 2022 and 2026.

The luxury vehicle maker aims to be at the forefront of electric vehicle production and software following the listing.

Existing plans announced in October of 2020 to reduce capital expenditure by 20% from 2019 levels by 2025 remain in place, the board.