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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 15, 2014
10:02 EDTDDAIFOn The Fly: Analyst Upgrade Summary
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05:30 EDTDDAIFDaimler AG upgraded to Overweight from Underweight at Barclays
October 14, 2014
05:56 EDTDDAIFDaimler sees FY14 industrial free cash flow significantly lower than last year
Daimler is reviewing its guidance for the free cash flow of its industrial business excluding the effects of acquisitions and disposals for FY14. Hitherto, Daimler had assumed that the free cash flow of the industrial business adjusted for the effects of acquisitions and disposals would probably be significantly lower in 2014 than in the previous year. The individual divisions continue to aim for the following EBIT from the ongoing business in FY14: 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: significantly above the prior-year level, and Daimler Financial Services: slightly above the prior-year level.
05:55 EDTDDAIFDaimler reports Q3 industrial free cash flow ex-items EUR 2.9B
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October 7, 2014
09:30 EDTDDAIFDaimler to begin making medium truck engines for North America, HDT says
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09:27 EDTDDAIFWells says Daimler decision to make engines negative for Cummins
Wells Fargo says Daimler's (DDAIF) announced intention to begin producing medium truck engines for its North American applications beginning in early 2016 is a negative for Cummins (CMI). Wells believes Daimler's decision is a threat to Cummins' supply relationship with Daimler's North American truck business. The firm estimates Cummins realized 45K engines and after-treatment systems to Daimler's North American Class 6-7 truck business over the twelve months ending August 2014. It has a Market Perform rating on the stock.
October 6, 2014
07:41 EDTDDAIFToyota hydrogen plans knocked by heads of Nissan, Daimler, WSJ says
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