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Latest Mercedes-Benz News

First quarter profits exceed analyst predictions

The big bosses at Daimler AG weren’t expecting the kind of profits the company would earn in this year’s first quarter. Record sales of Mercedes-Benz cars was able to make up for the brand’s spending on new models and facilities, making things for the company a lot easier and joyful moving forward in 2012. 2.13 billion euros, almost a 4.9-percent growth in profit compared to last year, is enough reason to be joyful. These figures beat average estimates by eight survey analysts. Sales grew by 9.2 percent, making it 27 billions euros for January to March alone. Daimler CEO Dieter Zetsche was fast in rehighlighting his company’s goals for the… Continue Reading »

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Daimler EBIT for Q1 Jumps 71 Percent

Mercedes’ parent company Daimler has posted its first quarter earnings for the current year and it is much improved from the figures garnerned by the company just a couple of years ago. Specifically, Daimler released a figure of 2 billion Euros for its earnings before interest and taxes (EBIT) for the first three months of 2011. Compared to 2010, this figure represents a 71 percent spike. Net profit posted was 180 million Euros. A pleased Daimler Chairman, Dieter Zetsche, says that “We achieved excellent earnings in the first quarter. This puts us well ahead of our planning and confirms our positive outlook for the year 2011. We are on the… Continue Reading »

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Daimler Posts Hefty 3 Billion Pre-Tax Profit

In a vindication of its strategy for the Chinese market, Daimler announced a hefty pre-tax profit of 3 billion dollars for the first quarter of this year. This significant increase comes on the back of a 13 percent surge in Mercedes-Benz sales in China. Revenue was also up by 17 percent, amounting to $37 billion. Post-tax earnings of $1.75 billion were almost double that of 2010 figures. The sales and revenue increases of 13 and 17 percent respectively indicate that the more expensive Mercedes-Benz models are selling more, instead of the company’s entry-level offerings. Overall sales in China, compared to the 1st quarter of 2010 are up by 78 percent…. Continue Reading »

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