Mercedes 2002 Annual Report Download - page 21

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Outlook |15
Limited growth potential for the aircraft industry
Growth prospects for the aerospace industry have
suffered as a result of weaker demand for civil aircraft
caused by the terrorist attacks on September 11, 2001
and by tight budgets in the public sector. However, due
to its sizeable order backlog, a structural shift towards
larger Airbus versions, and a strong competitive position
in both civil and military markets, EADS expects its
revenues to grow in the coming years. Its current cost-
reduction program and highly flexible production system
should enable EADS to achieve significantly positive
earnings even if difficult market conditions continue.
MTU Aeroengines anticipates a further decline in
demand for civil-aircraft engines in 2003 and 2004, but
this is likely to be more than offset by growth in its
maintenance and military-engines businesses. The cost-
reduction program that has been initiated should ensure
that earnings remain at a high level.
342 billion to secure the future
In the planning period of 2003 through 2005, Daimler-
Chrysler will spend about 142 billion on property, plant
and equipment, and research and development. With
closer cooperation between the divisions, as well as
with our Asian partners in the context of various pro-
jects, DaimlerChrysler’s resources will be applied even
more efficiently. A large part of this expenditure will be
spent on the development and preparation of new vehi-
cles and components. We also plan to spend significant
sums on the modernization of manufacturing facilities
and on researching into and developing new technolo-
gies to enhance the safety, environmental compatibility
and economics of road transport.
With an array of highlights at the 2003 North American International Auto
Show in Detroit, DaimlerChrysler once again impressively demonstrated its
technological and innovative leadership and the unique fascination of its
brands.
Upper picture: Dodge Avenger Concept, Dodge Kahuna Concept and Dodge
Tomahawk Concept
Lower picture: The new Mercedes-Benz E-Class station wagon