In a statement, Daimler AG officials confirmed that the contractual relationship between the company and Abdul Rahman Albisher & Zaid Alkazemi Co. is due to “end at the end of this year.”
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“Daimler is now in the process of selecting a new distributor for Mercedes-Benz in Kuwait,” the statement said.
“We are constantly analysing our sales structures. This is part of Daimler’s strategy of always offering the best.”
Kuwait Times reported that several Kuwaiti business groups are “vying for the distributorship” in a process that began months before the termination was announced. According to the report, Daimler AG officials have met with potential bidders in both Dubai and Kuwait.
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However, Daimler AG recently reported that it had sold a total of 833,000 vehicles in the second quarter of 2018, a 1 per cent increase over the same period of the previous year.
The company’s net profit of 1.8 billion euros ($2.1 billion) was significantly less than the 2.5 billion euros ($2.92 billion) reported in Q2 2017.
This is really out of this world!