Mercedes-Benz likely to post a second-half operating profit

Article by Christian A., on August 27, 2010

For the second half of the year, Daimler AG's Mercedes-Benz unit is likely to post an operating profit, according to CEO Dieter Zetsche.

Sales were boosted by new versions of the E-Class and S-Class models, says Autonews. Zetsche said sales picked up considerably in September after months of poor performance.

In an interview with the Wall Street Journal, Zetsche said that the company is "more confident than ever" about getting a positive operating result at Mercedes-Benz in the second half.

Zetsche also said that we can expect that Daimler will participate in cooperation projects with other carmakers, particularly in the field of small and compact cars.

He said that Daimler would likely announce the deals in the next few months. In the first eight months of 2009, Mercedes' unit sales fell 17% to 711,300 as sales also dropped in the key U.S. and European markets.

Premium carmakers such as Daimler have been hit hard by the economic recession and government scrappage incentives didn't help much since the scheme favored the purchase of smaller cars.

For the second quarter, Daimler posted a net loss of 1.06 million euros, compared with a 1.4 million profit the year before.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Cadillac’s CT6 full-size prestige-luxury sedan is still somewhat new. It has been offered to the global auto market for two model years – 2016 and 2017. But for those who...
by - February 19, 2017
In many industries, it is the rivalries that make things exciting. In basketball for example, there is the well-known rivalry between the Los Angeles Lakers against the Boston Celtics. For...
by - February 19, 2017
Now on sale in several major markets around the world including Europe, the BMW 5 Series (G30) heralds the arrival of the new seventh generation and represents a whole new...
by - February 19, 2017
Just recently, it was speculated that a new Porsche Cayman GT4 RS is coming. There is no official confirmation yet from the German sports car maker, but the arrival of...
by - February 18, 2017
Will there be a BMW M4 CS? Apparently, there is a Club Sport version of the BMWM4 after it was sighted in California doing a shoot for a new commercial...
by - February 18, 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