(Corrects percentage figure in headline.)

Daimler AG’s truckmaking division is sticking to a target of earnings before interest and taxes in 2013 at 8 percent of sales as it expects to meet goals for this year, said Andreas Renschler, the head of the unit.

Brazil’s commercial vehicle market is likely to improve in the second half of this year, Renschler said in an interview at an industry conference in Frankfurt.

To contact the reporter on this story: Dorothee Tschampa in Frankfurt at dtschampa@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net