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Stock Market & Financial Investment News

News Breaks
August 4, 2014
06:34 EDTDDAIFDaimler slices costs in China of Mercedes-Benz spare parts, Bloomberg says
Daimler is aiming to reduce the prices of Mercedez-Benz extra parts in China by an average of 15% in September amid a government probe into whether car manufacturers distort costs, according to Bloomberg, citing a statement from the vehicle company based in Stuttgart, Germany. Reference Link
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April 28, 2015
05:49 EDTDDAIFDaimler AG sees FY15 EBIT to be 'significantly' higher than previous year
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05:49 EDTDDAIFDaimler AG reports Q1 net profit EUR 2.05B vs. 1.09B
Reports Q1 revenue up 16% to EUR 34.24B, vs. EUR 29.46B. Reports Q1 unit sales up 13% to 641,600 vehicles. Mercedes-Benz Cars increased its sales by 18% to 459,700 vehicles, achieving its best-ever first quarter in terms of unit sales.
April 23, 2015
19:49 EDTDDAIFAudi plans five additional models for India, Economic Times says
In an interview with the Economic Times, Volkswagen's (VLKAY) Audi India brand director Joe King said the company plans to launch five new models in India within the next five months. "We see huge potential to grow in the Indian market... The GDP is likely to improve as the fundamentals of the Indian economy are strong and softening interest rate will propel demand for the luxury cars," said King. The Economic Times notes that Daimler's (DDAIF) Mercedes-Benz also aims to ramp up efforts in the region. Reference Link
05:59 EDTDDAIFMercedes-Benz fined $56M by China for price-fixing, FT reports
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