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Daimler Clouded By Weak Markets, Diesel, Trade Problems

Daimler Clouded By Weak Markets, Diesel, Trade Problems. “Daimler’s P&L is a mess, with special charges dumped all over it; underlying margins are deteriorating; free cash flow is awful”. Mercedes Benz parent Daimler announced more details of its troubled second quarter financial performance’ and analysts weren’t impressed. On Wednesday, Daimler confirmed the warning a couple […]

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BMW, Daimler Face Rocky Financial Reports, But Not VW

BMW, Daimler Face Rocky Financial Reports, But Not VW. “An industry-wide shift towards electric vehicles threatens BMW’s (profitability) lead” Investors in big German carmakers are bracing themselves for financial results in the next weeks that will underline gloomy long-term profit prospects, except for Volkswagen that is. Mercedes Benz parent Daimler and BMW are both facing […]

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Another profit warning hits Daimler share price

Another profit warning hits Daimler share price. “These warnings are terrible for auto valuations. They come at a time when the industry is facing its largest emission challenge in history” Daimler’s share price dived nearly 3% after the Mercedes Benz parent company cut its profit forecast to take account of its diesel transgressions.  Daimler said […]

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