Cars
It’s been more than a year since Daimler CEO Dieter Zetsche vowed that Mercedes-Benz would reclaim the number one place in the premium segment from BMW by the end of the decade. He even sent a letter to his employees, saying that the company “should be far ahead of the packâ€.
- Mercedes Reorganizes Production Around Four Main Platforms
Mercedes-Benz has announced it will invest more than €3 billion ($3.87 billion) to increase production and modernize its German passenger car and powertrain plants in 2014. Read more »...
- New Cla Helps Mercedes Boost Q3 Sales By 14 Percent To 395,400 Units
Mercedes-Benz's parent company Daimler has released details on its third quarter performance, with the group reporting a 13 percent increase in passenger car and commercial vehicle sales worldwide to 594,900 units, while earnings before interest...
- Vw Starts To Feel The Crisis: Q1 Profit Down Almost 50 Percent
Although deliveries and market share are on the rise for the first quarter of 2013, Volkswagen Group posted a profit before tax of €2.7 billion ($3.53 billion), down from €4.2 billion ($5.5 billion) in the same period last year. Profit after...
- Mercedes Reportedly Plans To Cut Annual Costs By $1.3 Billion To Increase Profitability
In spite of its global sales increasing by 5 percent and its stock gaining 16 percent in value this year, Mercedes-Benz is initiating a €1 billion (US$1.3 billion) annual cost-cutting program in order to raise its profitability by €3 billion...
- General Motors Announces Third Quarter Financial Results, Profits Down 15%
General Motors announced on Wednesday its third quarter financial results. Earnings were down 15% compared to last year, from US$2.0 to US$1.7 billion, which equates to a US$1.03 profit per share compared to 2010’s US$1.20. The Detroit-based automaker's...
Cars
Investors Value Mercedes-Benz Cars at Less than Half Compared to Arch-Rival BMW
It’s been more than a year since Daimler CEO Dieter Zetsche vowed that Mercedes-Benz would reclaim the number one place in the premium segment from BMW by the end of the decade. He even sent a letter to his employees, saying that the company “should be far ahead of the packâ€.
For the time being, though, the gap is widening, instead of closing and the three-pointed star is still trailing both BMW and Audi in the race for the number one spot.
The latest report by Bloomberg says that market capitalization at BMW is up to €45 billion (US$58.8 billion) compared to €42.2 billion (US$55.5 billion) for Daimler. After subtracting around €20 billion (US$26.3 billion) for its truck business, investors value the Mercedes-Benz passenger car division at €22 billion (US$28.9 billion), or less than half the value of its Munich-based rival.
Read more »- Mercedes Reorganizes Production Around Four Main Platforms
Mercedes-Benz has announced it will invest more than €3 billion ($3.87 billion) to increase production and modernize its German passenger car and powertrain plants in 2014. Read more »...
- New Cla Helps Mercedes Boost Q3 Sales By 14 Percent To 395,400 Units
Mercedes-Benz's parent company Daimler has released details on its third quarter performance, with the group reporting a 13 percent increase in passenger car and commercial vehicle sales worldwide to 594,900 units, while earnings before interest...
- Vw Starts To Feel The Crisis: Q1 Profit Down Almost 50 Percent
Although deliveries and market share are on the rise for the first quarter of 2013, Volkswagen Group posted a profit before tax of €2.7 billion ($3.53 billion), down from €4.2 billion ($5.5 billion) in the same period last year. Profit after...
- Mercedes Reportedly Plans To Cut Annual Costs By $1.3 Billion To Increase Profitability
In spite of its global sales increasing by 5 percent and its stock gaining 16 percent in value this year, Mercedes-Benz is initiating a €1 billion (US$1.3 billion) annual cost-cutting program in order to raise its profitability by €3 billion...
- General Motors Announces Third Quarter Financial Results, Profits Down 15%
General Motors announced on Wednesday its third quarter financial results. Earnings were down 15% compared to last year, from US$2.0 to US$1.7 billion, which equates to a US$1.03 profit per share compared to 2010’s US$1.20. The Detroit-based automaker's...