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Zetsche: deal with Jaguar, LR possible

Daimler CEO Dieter Zetsche Photo credit: Reuters
FRANKFURT (Thomson Financial) -- Daimler is prepared to strike a deal with British carmakers Jaguar and Land Rover that could see the German carmaker sell components to its peers, CEO Dieter Zetsche told auto motor und sport magazine.

Zetsche highlighted that Daimler holds a 7 percent stake in Indian car maker Tata Motors that owns Jaguar and Land Rover.

"If [chief executive] Ratan Tata approaches us regarding the supply of components, we would be open for talks," he said.

Zetsche said supplies from Daimler could replace those from Ford Motor Company, from whom Tata bought the two companies. He added that there are currently no plans to increase the company's stake in Tata Motors. "We're quite comfortable with the stake we have today," he said. Zetsche also said he is very optimistic China will become a key market.

"Today, the Chinese market is number ten in our global internal ranking. In five years I would rather see it number three," he said.

Daimler sold 27,900 cars in China in 2007.

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