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Stock Market & Financial Investment News

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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."
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September 18, 2014
14:00 EDTDDAIFMercedes-Benz receives autonomous vehicle license from California
On 16 September 2014 the US federal state of California introduced a legal requirement for an official license for testing vehicles in autonomous driving mode on public roads. On "Senate Bill No. 1298" taking effect, Daimler's Mercedes-Benz received a corresponding license permitting it to test vehicles in autonomous driving mode in daily traffic on California's roads. Reference Link
13:37 EDTDDAIFDaimler anticipates sales to exceed 2.4M cars this year, WSJ says
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September 10, 2014
12:27 EDTDDAIFDaimler aiming for $3.9B German facility overhaul, WSJ says
Daimler is aiming to invest over $3.9B in its vehicle facilities in Germany this year and reorganize its world-wide manufacturing networks to reduce expenses and improve on fast-paced growth management, according to The Wall Street Journal, citing comments from Mercedes-Benz's production chief Markus Schafer. Reference Link
06:32 EDTDDAIFDaimler reveals new Mercedes AMG GT to rival Porsche, Reuters says
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September 9, 2014
06:54 EDTDDAIFChamber of Commerce says China antitrust efforts may be illegal, NY Times says
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September 8, 2014
08:10 EDTDDAIFDaimler AG, Haldex set up partnership for ModulT disc brake
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07:34 EDTDDAIFU.S. claims China breaks commitments amid Qualcomm, Microsoft probes, WSJ says
As Microsoft (MSFT) and Qualcomm (QCOM) are being investigated for potential monopolistic activity by Chinese regulators and lawmakers there recently alleged price manipulation by foreign automakers including Toyota (TM), Honda (HMC) and Daimler (DDAIF), the U.S. Chamber of Commerce alleged that China's use of its antimonopoly law has been subjective and its implementation skewed to favor China's local companies, reported The Wall Street Journal. Reference Link
06:14 EDTDDAIFDaimler boosting production in Alabama by 60,000, Detroit News reports
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