Projection in February Undershot Latest Attempt By €2.5 billion The forecasters at Mercedes must be getting nervous about their jobs. In February they reckoned Mercedes cars would earn EBIT of €1.5 billion in 2010. By the end of July they had to admit they had missed the probable outcome by €2.5 billion, after undershooting by […]
Tag Archives | Daimler
Daimler Riles Investors With Unexpected Outlook Change
Mercedes Prospects Suddenly Improve Thanks To China “E” Class Prospers; Just As Well Given Updated Rivals On Horizon Back in February, Daimler announced a shocking loss for 2009, scrapped the dividend and said things would be tough in 2010. Many investors at the time found Daimler’s gloom and doom mood for 2010 exaggerated and inexplicable. […]
Daimler’s Shocking Loss Leaves Most Investors Unfazed
Low 2010 Profit Projection Said Conservative, Designed To Be Beaten But One Says Profit Projection Too High, Mercedes Profit Pressured Is it run for shareholders or employees, like most automakers?” Despite Daimler’s shocking, unexpected loss in the fourth quarter and scrapping of the dividend, investors refused to believe the company’s guidance that profits would be […]
Deep Restructuring Expected At Daimler, After Election
Capacity Said To Exceed Demand By Large Amount Mercedes Trucks Particularly Vulnerable Struggling Daimler is expected to introduce a tough cost cutting programme soon, but don’t expect any action until after the German election on September 27. Investors have been urging action by Daimler for some time as the company’s losses have mounted. In 2009’s […]
Big Losses At Daimler Fail To Surprise
Talk Persists Another Swingeing Cost Cutting Programme Is Nigh Daimler’s 2nd quarter generated a huge loss as expected, but investor opinion is dividend about whether 2010 will see a return to profit. Morgan Stanley analyst Adam Jonas expects the Mercedes cars subsidiary will make a profit in the second half, as the new E-class hits markets, […]
Daimler Stake Sale Underlines Mercedes, Sector Weakness
Investors Reckon This Could Be The First Of Many Equity Issues. Is It Urgent Need For Capital, Or Result Of Long New Partner Search? Wall Street Journal Wonders If Arab Interest Might Extend To Detroit. Daimler’s decision to sell a 9.1 per cent equity stake to Abu Dhabi’s Aabar Investments shows its capital position was […]
Daimler-Mercedes Close In On Cooperation Pact
Don’t Do It, Pleads Morgan Stanley. The much flagged cooperation deal between BMW and Daimler is moving closer, with arguments focusing on a possible cross shareholding agreement. Der Spiegel magazine reported that Daimler and BMW might take seven per cent stakes in each other, in addition to the cooperation on the development of technology under […]