--FILE--Pedestrians walk past a branch of Mercedes-Benz dealership store in Shanghai, China, 5 July 2013. Daimler AGs Mercedes-Benz expects to see g

--FILE--Pedestrians walk past a branch of Mercedes-Benz dealership store in Shanghai, China, 5 July 2013.   Daimler AGs Mercedes-Benz expects to see g Stock Photo
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Contributor:

Imaginechina Limited / Alamy Stock Photo

Image ID:

W92JM9

File size:

28.8 MB (1 MB Compressed download)

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Dimensions:

3888 x 2592 px | 32.9 x 21.9 cm | 13 x 8.6 inches | 300dpi

Date taken:

5 July 2013

Photographer:

Imaginechina

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--FILE--Pedestrians walk past a branch of Mercedes-Benz dealership store in Shanghai, China, 5 July 2013. Daimler AGs Mercedes-Benz expects to see growth of up to 15 percent in Chinas luxury car segment this year, a senior executive said, and is trying to grab a bigger share of that market by expanding into the inland-west and smaller cities. The company plans to open 75 new dealer outlets this year, nearly half in third- and fourth-tier cities, said China sales head Nicholas Speeks, as part of a broader turnaround plan to reverse its recent struggles in the worlds biggest auto market. The network expansion is a key component of Daimlers (DAIGn.DE) strategic plan to invest 2 billion euros ($2.67 billion) in China over the next two years. It aims to boost sales of Mercedes-Benz cars by a third to more than 300, 000 cars a year by 2015, from this years forecast sales of 230, 000 cars.