Mercedes sales boost Daimler's profit
Germany's Daimler AG raised its profit forecast for the year on Tuesday after reporting a big recovery in second-quarter earnings led by its luxury Mercedes-Benz Cars business.
Daimler Targets Group EBIT of Euro 6 Billion in Full-Year 2010
Daimler Targets Group EBIT of Euro 6 Billion in Full-Year 2010
GERMANY: Daimler targets 2010 EBIT of EUR6bn
Daimler said on Tuesday it made a net profit of EUR1,312m in the second quarter of 2010 compared with a net loss of EUR1,062m a year ago on revenue of EUR25.1bn (EUR19.6bn). It added it was targeting full-year EBIT of EUR6bn after earlier reporting Q2 EBIT of EUR2,104m compared with a EUR1,005 loss in 2009.
GERMANY: Daimler sets up new Smart unit
Daimler is to set up a new Smart product unit in the Mercedes-Benz division from 1 September this year.
ANALYSIS: Daimler's earnings recovery 'gaining traction'
Daimler's earnings recovery is 'gaining traction' according to an analyst who spoke to just-auto today.
GERMANY: BMW and Daimler to jointly develop seat frames
BMW and Daimler are to jointly develop and purchase seat frames as part of their cooperation agreement designed to save costs.
Daimler updates Smart Fortwo line, lowers CO2 emissions
Filed under: MPG, SMART, Green Daily, Lightweight, Daimler 2010 Smart ForTwo - Click above for high-res image gallery The Smart ForTwo's lack of success in the U.S. can be attributed to several areas where the little two-seater is quite deficient. For starters, the ForTwo is just not that entertaining to drive, nor is it cheap enough to justify purchasing it on the basis of saving money. Many quibbles have surfaced regarding its poor transmissio...
GERMANY: Daimler to hike 2010 guidance after Q2 EBIT rise
Daimler has released preliminary second quarter 2010 financials showing Mercedes-Benz Cars earnings before Interest and Taxes (EBIT) "above market expectations" and said it would hike its 2010 full year guidance when it announces final Q2 results on 27 July.