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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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October 12, 2015
09:30 EDTDDAIFBofA/Merrill global auto analysts hold an analyst/industry conference call
Global Autos Analyst Research Team discusses their recently published Global Auto OEM Primer 2015 on an Analyst/Industry conference call to be held on October 14 at 9 am.
October 5, 2015
09:55 EDTDDAIFU.K. researchers says Ford, BMW diesels break emissions limit, Daily Mail says
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October 4, 2015
19:47 EDTDDAIFAutomakers ask for easier European emissions tests, NY Times says
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October 1, 2015
05:56 EDTDDAIFTrueCar boosts 2015 U.S. sales forecast to 17.4M from 17.2M
TrueCar (TRUE) raised its 2015 annual forecast by 200,000 units to 17.4 million as sales growth in the remaining months of 2015 is poised to remain vigorous. New auto sales in September, aided by a later-than-usual Labor Day, should expand by 12.6 percent from a year ago, while the Seasonally Adjusted Annual Rate should reach 17.7 million units. That strength underpins TrueCar's revised full-year industry forecast of 17.4 million units, the highest volume since 2000. Retail share of the total industry likely expanded a full point in September versus last year, indicating busier-than-average showrooms. Confident consumers are expected to push new vehicle revenue to a record $45 billion for the month, up 13.2 percent versus the same period last year. Publicly traded companies in the space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM), Daimler (DDAIF) and Volkswagen (VLKAY). TrueCar EVP Larry Dominique commented, "Volkswagen's stop sell of diesel vehicles in the U.S. causes a noticeable hit to its September revenue, with a 7.7 percent decline. We expect sales to dip by at least by 5 percent and incentives to increase by $235 per unit, which will be essential to push non-impacted models off the lots."
September 30, 2015
19:27 EDTDDAIFEuropean carmakers use stripped-down vehicles for certification, WSJ says
European car certification tests rely on "golden vehicles," stripped down models with oftentimes sparse resemblance to their real-world counterparts, reports the Wall Street Journal. One anonymous auto executive disclosed that automakers in the region never use random vehicles drawn from assembly lines, remarking, "It's like preparing for a major race. We tune them and pamper them like stud horses." Companies in the space include Volkswagen (VLKAY), BMW (BAMXY), Daimler (DDAIF), Peugeot (PUGOY), and Fiat Chrysler (FCAU). Reference Link

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