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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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May 25, 2015
18:56 EDTDDAIFDaimler to invest EUR500M in Berlin Mercedes-Benz plant
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12:37 EDTDDAIFQualcomm, Daimler announce strategic collaboration on connected car technology
Daimler AG (DDAIF) and Qualcomm Technologies, a subsidiary of Qualcomm (QCOM), announced a strategic collaboration focused on vehicle innovation. In the first phase of the collaboration, the companies will focus on developing vehicles with mobile technologies such as 3G/4G connectivity, wireless charging technology, and implementation of the Qualcomm "Halo" wireless electric vehicle charging technology. In addition, the companies are jointly assessing the application of Qualcomm's newly developed "Automotive Solutions." Qualcomm Technologies is collaborating with Daimler on its wireless power transfer 2.0 program for electric vehicles. The Qualcomm Halo technology could allow Daimler customers to charge their electric vehicles and plug-in hybrid EVs without having to plug them in. In addition, Qualcomm WiPower technology enables consumer electronics to charge wirelessly in-vehicle.
May 22, 2015
08:57 EDTDDAIFNokia CEO says good bids received but no rush on selling HERE, Retuers reports
Nokia (NOK) CEO Rajeev Suri said the company has received high quality bids for its HERE maps unit, while declining to comment on bidders, but added that the company is in no hurry to sell, reported Reuters, citing comments made in an interview with trade magazine European Communications. Prior reports have indicated that Daimler's (DDAIF) Mercedes-Benz, Volkswagen's (VLKAY) Audi and BMW (BAMXY) are partnering with private equity firm General Atlantic in their pursuit of the unit, while Uber is said to be teaming up with Baidu (BIDU) and Apax Partners to also pursue a bid. Reference Link
May 21, 2015
09:15 EDTDDAIFGerman automakers partnering with PE firm on bid for Nokia unit, Reuters says
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May 18, 2015
13:37 EDTDDAIFBaidu, Uber teaming up to pursue Nokia's maps unit, Bloomberg reports
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