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April 30, 2014
08:27 EDTDDAIFDaimler reports Q1 revenue EUR29.5B, net profit EUR1.086B
Reports net profit of EUR1.086B vs. EUR564M a year ago. Reports revenue up by 13% to EUR29.5B. Reports total unit sales of 565,800 vehicles in Q1. Says Group EBIT from ongoing business anticipated to be significantly higher than in 2013. Looking forward, the company says "According to current assessments, worldwide demand for cars is likely to grow by a magnitude of 4-5% this year, whereby Daimler currently sees the markets developing at the lower end of that bandwidth. The US market is also likely to continue its growth; although only at a relatively moderate rate, the market volume will probably increase to approximately 16 million cars and light trucks. Daimler continues to anticipate a rather hesitant recovery of the Western European market. According to the current assessment, global demand for medium- and heavy-duty trucks in the year 2014 can only be expected at around the level of the previous year. Daimler assumes that overall demand in Europe for medium-sized and large vans will recover slightly in 2014. Daimler anticipates a market volume for buses in Western Europe in 2014 that is slightly above the level of the previous year. Daimler Trucks anticipates a significant increase in overall unit sales in the year 2014. For the individual divisions, Daimler aims to achieve the following EBIT targets from the ongoing business in full-year 2014: Mercedes-Benz Cars: significantly above the prior-year level, Daimler Trucks: significantly above the prior-year level, Mercedes-Benz Vans: at the prior-year level, Daimler Buses: slightly above the prior-year level, and Daimler Financial Services: slightly above the prior-year level."
News For DDAIF From The Last 14 Days
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August 26, 2015
17:28 EDTDDAIFBAIC chairman says in talks to buy major stake in Daimler AG, Bloomberg says
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16:26 EDTDDAIFMajor automakers sued over allegedly 'deadly' keyless technology, Reuters says
A number of automakers have been named in a lawsuit alleging that keyless ignition technology can lead to "deadly" results due to carbon monoxide poisoning from cars left running under the belief that engines will automatically switch off, reports Reuters. Defendants include General Motors (GM), Ford (F), Fiat Chrysler (FCAU), Honda (HMC), Hyundai (HYMLF), Nissan (NSANY), Toyota (TM), Volkswagen (VLKAY), BMW (BAMXY), and Daimler's (DDAIF) Mercedes Benz, said Reuters. According to the plaintiffs, the carmakers had "actual knowledge" of the so-called risks and could have prevented 13 deaths and numerous injuries. Reference Link
August 24, 2015
07:15 EDTDDAIFDaimler to cut 1,500 truckmaking jobs in Brazil, Bloomberg reports
Daimler is cutting 1,500 jobs at its Brazilian truckmaking unit amidst lack of recovery for demand for commercial vehicles in the country, Bloomberg reports. Reference Link
August 21, 2015
08:11 EDTDDAIFDaimler AG could collaborate with Google, Apple, Reuters says
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