29th International Vienna Motor Symposium

"For the Love of Inventing": Innovation as the Engine of Growth in the Auto Industry

Authors

Dr. D. Zetsche, Vorsitzender des Vorstands, Daimler AG, Stuttgart

Year

2008

Print Info

Sonderdruck / Offprint

Summary

Carl Benz once said: “The passion for invention never ends.” That sentiment remains true today — not only for Daimler but for the entire automotive industry. The “passion for invention” remains one of the most important driving forces in the automotive industry. It is the reason why the industry holds a keyposition in the global economy todayMore than 50 million people worldwide are directly or indirectly employed in the automotive sector today. In 2006 the sector generated some 430 billion Euros in taxes. And the automotive industry investsmore than 80 billion Euros every year in research and development — more than any other sector...

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