Bmw, Daimler and Vw poised for 2011 profits exceeding pre-financial crisis

Article by Christian A., on February 25, 2011

Germany's big three carmakers – BMW AG, Volkswagen AG and Daimler AG - which have added about EUR67 billion ($90 billion) in market value since the end of the 2009, are set for 2011 profits exceeding pre-financial crisis highs amid Chinese and United States demand.

Analysts say that BMW and VW will probably post earnings before interest and taxes for 2011 beating records set in 2007 and 2008, respectively, while Daimler’s earnings are expected to rise to the highest level since 1999, when Chrysler was still part of the company. Daimler's Mercedes-Benz, BMW and VW all reported record deliveries in January 2011.

Daimler CEO, Dieter Zetsche, who is the first of the German auto CEOs to discuss 2011 targets when he reports fourth-quarter earnings, said in January 2011 that growth in 2011 will be constrained by factory limits rather than customer demand.

Arndt Ellinghorst, a London-based Credit Suisse analyst said Mercedes and BMW have an order book that “they've never had before in their history” and they're looking at peak profits.

Buoyed by sales advances in the two largest auto markets – China and the U.S. - the three carmakers have a combined market value of EUR157 billion, up 75 percent from the end of 2009.

The world’s biggest automaker, Toyota Motor Corp., was almost unchanged in the period, while Ford Motor Co. was up about 61 percent. [via autonews - sub. required]

Topics: bmw, daimler, vw, profit

If you liked the article, share on:

Pin It

Comments

Recommended

Top Gear has revealed that for its “Stars in a Reasonably Fast Car” segment, it will now be using a slightly enhanced Toyota GT86, which in the U.S. market is...
by - March 24, 2017
Porsche is laying aside any plans of pushing another hybrid hypercar into their line-up -- at least not at this time. Oliver Blume, Porsche Global Chief confirmed in a recent...
by - March 24, 2017
Since 1993, Lexus has produced 4 generations of the Lexus GS, with the GS F amongst its newest member of the family. Unfortunately, rumors are also heating up that the...
by - March 24, 2017
In a leaked image following a presentation held in China, we learned that Czech automobile manufacturer Skoda will soon unveil 2 more new SUVs in China, resulting in a four-model...
by - March 24, 2017
McLaren is said to be designing the next generation of Sports Series, which could include a V6 hybrid among its powertrain options. It was earlier reported that the British automaker...
by - March 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries