Tag Archives: mercedes-benz

Daimler Group Q1 Earnings Drop Based on EU Crisis

Daimler AG [DAI] posted a significant drop in Q1 earnings largely because of the ongoing economic slowdown in Western Europe where sales are running at a 20-year low. The Q1 EBIT of €917 million was less than half of Q1 … Continue reading

Posted in auto news, financial results | Tagged , , , , , | Leave a comment

Daimler Posts Q3 Profit of €1.2 Million, a €155 Million Drop

The Eurozone crisis expanded into Germany in Q3 as Daimler AG (DAI) posted Group earnings of €1,921 million, off from Q3 in 2011at €1,968 million. Net profits for the period were €1,205 million (Q3 2011: €1,360 million), leading to declining earnings per share of €1.03 (Q3 2011: €1.21). Daimler sold 528,600 cars and commercial vehicles worldwide in Q3, surpassing the prior-year total by 1%. Revenue of €28.6 billion was 8% above the prior-year level. Adjusted for changes in currency exchange rates, the increase amounted to only 3%. As a result, of the weakened results and prospects for the future, Daimler said that it will not match 2011’s earnings. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars tried to be optimistic in a statement: “Considering the significantly more difficult market conditions, Daimler achieved good earnings in the third quarter.” The earnings release was sent out ahead of schedule because of the accidental issuing of an e-mail. Continue reading

Posted in auto news, financial results, news analysis, results | Tagged , , , , , , , | Leave a comment

Mercedes-Benz Posts Global Sales Record in May

Mercedes-Benz in May 2012 delivered 113,136 vehicles, + 4% compared to the record figure for 2011. Year-to-date 531,382 units or +8.4% have been delivered globally, the earliest in a year the 500,000 threshold has been crossed. Continue reading

Posted in auto news, results, sales | Tagged , , , , , , | Leave a comment

Japanese Big 3 – Toyota, Honda, Nissan – Sales Up in May

Toyota Motor came close to displacing Ford Motor from its assumed Number 2 spot in the U.S. by posting monthly sales of 202,973 – within a rounding error of Ford’s 215,699 and firmly putting Toyota in the Number 3 sales spot for the year-to-date. The other Japanese powerhouse members were also back in shape. American Honda posted sales of 134,000 (576,000 ytd) easily ahead of the Nissan at 92,000 (485,000 ytd). With a new Accord and Altima due this fall, the family car market is about to becomes more competitive than it has been in years, which is good for buyers but might leave weaker and older entries as road kill. Continue reading

Posted in auto news, marketing, results, sales | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Nissan and Daimler to Build Engines in Tennessee

For years Mercedes-Benz sold gas guzzlers in the U.S., paying millions in fines – passed on to customers – for its flouting of CAFE regulations. Much higher fines under the latest CAFE standards and growing pro-environmental standards globally makes this a risky strategy going forward. Continue reading

Posted in auto news, fuel economy or emissions, manufacturing, news | Tagged , , , , , , , , , , , | Leave a comment

Car Spy Jim Dunne Catches Revised Lincoln MKS or MKZ?

Following the Ford Jaguar debacle, success is also not a word that can be applied to Ford’s management of Lincoln, which is a poseur in the world of luxury cars dominated by the German Brands and Toyota’s Lexus, which even though it was out of the U.S. market for five months this year because of the Japan earthquake, still managed to outsell Lincoln by a better than 2:1. Continue reading

Posted in auto news, customer satisfaction, design and styling, distracted driving, new vehicle, news, news analysis, safety | Tagged , , , , , , , , , , | 1 Comment

GM Plans Four World Debuts at NAIAS. Where is Bob Lutz?

“ATS enters the biggest market segment in the global luxury car industry, both in terms of volume and importance,” said Barra.

No kidding. ATS better be good when it appears next fall.

But when I asked what GM consultant Bob Lutz was doing these days, Barra said she was trading e-mails with him about getting Lutz to drive a new Chevy Sonic, which has been on sale globally for a couple of years. While Barra called Lutz an “automotive rock star,” there was no hint in her brief response that she was spending any time with Lutz. Continue reading

Posted in auto news, marketing, new vehicle, news, news analysis, people | Tagged , , , , , , , , , , , , , , , , , , , , | 2 Comments

Happy New Year – BMW Ups U.S. Prices and Delivery Fees

Year-to-date, U.S. sales of the BMW brand are up 12.9% at 199,552 compared to 176,736 sold in the first ten months of 2010. BMW is on track to displace Lexus as the number one Luxury brand in the U.S. because of Toyota’s earthquake induced production disruptions. Continue reading

Posted in auto news, marketing, news, news analysis, prices, results | Tagged , , , , , , , , , , , , | Leave a comment

Daimler Employee Arrested, Detained Under Controversial Alabama Immigration Law

The controversial Alabama immigration law requires the proper papers be carried by foreigners, including employees of firms investing in the state. Daimler, of course, is one of the largest employers in Alabama, with billions invested thus far and recently announced millions more will be added to increase production. Continue reading

Posted in auto news, economy, fools 'n frauds, litigation, manufacturing, news, news analysis, people | Tagged , , , , , , , , , , , | 2 Comments

Mixed U.S. October Sales Results for Japanese Three. Toyota Sales Down 8%. Honda Sales +3%. Nissan October Sales +18%

Acura, Honda’s luxury label, posted sales of 11,115, an increase of 4.8% versus October 2010, with year-to-date sales of 100,261, compared to Infiniti’s 79,000. This means that natural disaster battered Lexus with ytd sales of 153,739 of cars and light trucks – virtually all of which are made in Japan – easily retains the Japanese luxury vehicle sales crown, but it will displaced from luxury sales leadership for the first time in more than a decade by BMW and Mercedes-Benz. Continue reading

Posted in auto news, marketing, news, news analysis, results, sales | Tagged , , , , , , , , , , , , , | Leave a comment

Mercedes-Benz Superdome is the New Name in New Orleans

The New Orleans stadium is infamous as the lawless, unlit refugee area for the homeless after Hurricane Katrina caught federal, state and local government agencies completely unprepared. State taxpayers rebuilt the stadium so that the New Orleans Saints could play there again starting in 1996. About $336 million has been spent by taxpayers on the sports facility since then. Continue reading

Posted in auto news, economy, marketing, news analysis | Tagged , , , , , , , , , , , , , , | Leave a comment

Milestones: the BMW 328 Turns 75 Years Old

Henne set a lap record for all sports cars during the race, and won the non-supercharged class in the rain. It was the debut of what became one of the most successful sports cars on the track. The win was to be followed by more than 200 others with factory sponsored and privateers running 328s into the 1950s. Continue reading

Posted in auto news, milestones, racing | Tagged , , , , , , , , , , , | Leave a comment

2012 Mercedes Benz C Class Sedan

While Christmas auto advertising is in full swing for “great deals” on wheels, Mercedes-Benz has released photos of a revised C-Class compact due next year. The sedan is changed on both exterior ends from a mild facelift with new bumpers, … Continue reading

Posted in auto news, new vehicle | Tagged , , , , , , , , , | Leave a comment