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Daimler to open office in Baghdad
Daimler AG, the world's largest truckmaker, plans to open an office in Baghdad by the end of the year because it's confident that Iraq is stabilizing after the US-led war to remove President Saddam Hussein from power.
- Bloomberg
- Published: 14:16 May 7, 2008
Baghdad: Daimler AG, the world's largest truckmaker, plans to open an office in Baghdad by the end of the year because it's confident that Iraq is stabilizing after the US-led war to remove President Saddam Hussein from power.
"We know that the Iraqi government will welcome this move as a sign of confidence in the country's advancing normalization," Daimler spokeswoman Ursula Mertzig-Stein said on Wednesday in a telephone interview.
The office is not meant to directly generate sales in Iraq and Daimler has no forecast for when it might peddle cars and trucks in the country, Mertzig-Stein said.
The opening of the office will nonetheless be a victory for Iraqi and US officials pushing to attract foreign investment to the war- ravaged country, the Wall Street Journal reported.
"Daimler intends to establish a corporate representative office in Baghdad," Mertzig-Stein said in the Bloomberg interview.
In addition to being the world leader in trucks, Stuttgart-based Daimler is the second-largest maker of luxury cars, after German competitor Bayerische Motoren Werke AG.
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