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:

Pin It

Comments

Recommended

Has Toyota started the production of a new electric supercharger? Well, a patent that was recently published indicated that they might have. And this electric supercharger looks more durable and...
by - March 27, 2017
The Tesla Model S has finally arrived in South Korean soil and is now available for test drive. But, there’s a catch. You’ll have to wait several months if you...
by - March 27, 2017
Sorry to say this to the Sport Quattro Concept fanatics. If you guys have been hoping for the production of this iconic concept to begin, prepare for your dreams to...
by - March 27, 2017
South Korean car company SsangYong recently revealed sketches of their upcoming SUV. We’re not always impressed by Korean car designs, but this one looks quite promising. Yup, it is the...
by - March 26, 2017
Twenty-eight years after the company was first launched by Toyota, which was initially targeted to the United States market only, Lexus has already made its way to over 70 countries....
by - March 26, 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