Daimler Plan Impresses Investors But A Stumble Would Revive Takeover Talk. “3 options. A German-German, German-French-Japanese, or German-Swedish-Chinese” Investors seem happy after Mercedes parent Daimler announced new goals which included slashing costs, cementing profit targets, moving upmarket and building up its electric car portfolio to try and keep up with Tesla and Volkswagen. Any sign […]
Tag Archives | Daimler
Daimler Report Suggests European Auto Recovery Has Started
Daimler Report Suggests European Auto Recovery Has Started. “We are now seeing the first signs of a sales recovery – especially at Mercedes-Benz cars” Mercedes parent company Daimler’s shares soared by more than 5%, after it, and to a lesser extent Volvo earlier, pointed to evidence the coronavirus slump had bottomed out and recovery in […]
Mercedes Parent Daimler Expects 2nd Quarter Loss
Mercedes Parent Daimler Expects 2nd Quarter Loss. “It has been a difficult few weeks and will continue to be complicated” Daimler said it will have an operating loss in the current coronavirus-hammered 2nd quarter, but for the full-year it expects its luxury carmaker Mercedes to still make more money than last year. Daimler, which also […]
Daimler Cuts Dividend As Profit Dives, Merger Pressure Mounts
Daimler Cuts Dividend As Profit Dives, Merger Pressure Mounts. „Given these disruptive times it might be time for Daimler to think abfout a merger“ Luxury vehicle and truck and van maker Mercedes’ parent Daimler slashed its dividend and reported net profit more than halved in 2019, renewing speculation that it might be forced to seek […]
Daimler Shares Dive After Cost Cutting News
Daimler Shares Dive After Cost Cutting News. “In addition, a wave of consolidation could begin at the automobile companies. Fiat Chrysler (FCA) and Groupe PSA may just be the beginning” Mercedes-Benz parent Daimler’s shares fell close to 3%, after news it will have to cut costs more than 1 billion euros ($1.1 billion) by 2022 […]
Daimler Shares Spurt After News Of Slightly Improved Profits
Daimler Shares Spurt After News Of Slightly Improved Profits. “Most followers of Daimler are waiting for the meeting November 14/15, when the new team will set out their vision and plan for the company” Investors appeared to like Daimler’s latest financial report and its small increase in operating profits, but they might have been looking […]
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 […]
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 […]
Daimler Shares Dive After Another Profit Warning
Daimler Shares Dive After Another Profit Warning. “Unfortunately, Daimler has to write off 2019, a year that should have been an opportunity to generate cash and prepare for the severe challenges of EU CO2 compliance in 2020/21” Mercedes Benz parent Daimler’s shares plunged Friday after the luxury car, truck, van and bus manufacturer said it […]
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 […]