Cars
Having just covered BMW's current financial situation - with help from Bloomberg.com of course - GoodCarBadCar figured it only makes sense that the #2 player in the luxury automobile sector gets some attention as well.Â
- Audi To Pay Workers Hefty Bonus For 2008, Bmw And Mercedes-benz Say Nein
Among the three premium German automakers, the only company that will share part of its 2008 profits with workers is Audi as BMW and Mercedes-Benz's parent company Daimler decided not to pay a profit-sharing bonus for 2008. Audi AG will hand out €157...
- Mercedes' Parent Company Daimler Acquires 10% Stake In Tesla Motors
Turns out that the yesterday's rumors were spot on as Mercedes-Benz' parent company, Daimler AG, announced today in a press conference in Stuttgart that the German firm has acquired an equity stake of nearly 10 percent of Tesla Motors. The two...
- Daimler Posts €1,4 Million Loss In First Quarter Of 2009, Sales Down 34%
Only hours after announcing that it had agreed to unload its remaining 19.9 percent stake in Chrysler LLC, Daimler published its quarterly results which saw the company that owns Mercedes-Benz posting a €1,426 million loss before interest and tax...
- Luxury Car Sales In America - Numbers
"It is wrong to say certain segments of the market are immune to economic downturns in the market, as far as we're concerned." Who said it? That'd be a Bentley vice-president, Geoff Dowding, who happens to be the worldwide operations manager for...
- What's Not Selling In America?
Trucks and SUVs aren't the only vehicle categories suffering as a result of high gas prices and a slowing economy. Find the common link between the vehicles listed below, and you'll catch the drift. BusinessWeek.com lists these vehicles as "beautiful"...
Cars
MERCEDES-BENZ MONEY TALK
Having just covered BMW's current financial situation - with help from Bloomberg.com of course - GoodCarBadCar figured it only makes sense that the #2 player in the luxury automobile sector gets some attention as well. The economic downturn in the United States has a great effect on the rest of the world; few would deny. In the case of Mercedes-Benz, this can be too clearly seen. Have a look. And... or... check out other Numbers or $$$ posts from GoodCarBadCar while you're visiting. Mercedes-related articles can be found here.
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32 - percentage drop in profit during the first quarter of 2008 compared with the same period of 2007 for Mercedes-Benz, the world's second largest purveyor of luxury automobiles
1,330,000,000 - announced quarterly net income, in euros, for Daimler (ie Mercedes-Benz), a 640,000,000 euro drop from the 2007 period
20 - carryover stake, measured in percentage, Daimler holds in Chrysler, the maker of Dodge and Jeep as well, after the former DaimlerChrysler divorced
491,000,000 - loss, in euros, resulting at Daimler during this last quarter because of their 20% stake in their old American 'wife'
25 - percentage drop in the value of Daimler shares so far this year, following a serious boost last year when shares jumped after the sale of EADS
50,900,000,000 - approximate valuation, in euros, of the worth of Daimler
7,100,000,000 - cost savings, in euros, Mercedes-Benz has garnered by shaving 9,700 factory jobs since 2005
45 - percentage boost in operating profit by Mercedes during January, February, and March
- Audi To Pay Workers Hefty Bonus For 2008, Bmw And Mercedes-benz Say Nein
Among the three premium German automakers, the only company that will share part of its 2008 profits with workers is Audi as BMW and Mercedes-Benz's parent company Daimler decided not to pay a profit-sharing bonus for 2008. Audi AG will hand out €157...
- Mercedes' Parent Company Daimler Acquires 10% Stake In Tesla Motors
Turns out that the yesterday's rumors were spot on as Mercedes-Benz' parent company, Daimler AG, announced today in a press conference in Stuttgart that the German firm has acquired an equity stake of nearly 10 percent of Tesla Motors. The two...
- Daimler Posts €1,4 Million Loss In First Quarter Of 2009, Sales Down 34%
Only hours after announcing that it had agreed to unload its remaining 19.9 percent stake in Chrysler LLC, Daimler published its quarterly results which saw the company that owns Mercedes-Benz posting a €1,426 million loss before interest and tax...
- Luxury Car Sales In America - Numbers
"It is wrong to say certain segments of the market are immune to economic downturns in the market, as far as we're concerned." Who said it? That'd be a Bentley vice-president, Geoff Dowding, who happens to be the worldwide operations manager for...
- What's Not Selling In America?
Trucks and SUVs aren't the only vehicle categories suffering as a result of high gas prices and a slowing economy. Find the common link between the vehicles listed below, and you'll catch the drift. BusinessWeek.com lists these vehicles as "beautiful"...