Mercedes-Benz profit forecast raised for the second time in six weeks

Article by Christian Andrei, on August 26, 2010

With the increase in car demand this quarter, the operating profit of Mercedes-Benz unit is also expected to rise. In a statement, CEO Dieter Zetsche said that Mercedes-Benz Cars' earnings before interest and taxes in the second quarter will go over the 806 million euros ($996 million) posted for the first quarter.

Furthermore, full-year Ebit is seen to be at the "upper end" of its forecast of 2.5 billion euros to 3 billion euros.

Daimler, the maker of the Mercedes-Benz brand the world's second-largest luxury carmaker, aims to eventually take the top spot from BMW AG and to successfully fend off Volkswagen AG's Audi.

Daimler aims to gain market share this year by launching an extended version of its full-size E-class sedan -- the first vehicle it made exclusively for the Chinese market.

In the first quarter, deliveries of Mercedes vehicles in China more than doubled. Daimler expects to hit its goal of 10% return on sales at Mercedes-Benz in the second half of 2012.

And as the global economy recovers, Daimler expects to maintain sales at this level for the entire year of 2013. [via autonews - sub. required]

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Those familiar with racing know that Marco Wittmann’s win during the 2016 Deutsche Tourenwagen Masters held last May was noteworthy as it was his second title in four seasons. In...
by - December 2, 2016
Volvo has revealed that while its products are used by a number of police organizations around the world, it will be the Swedish police that will get the first chance...
by - December 2, 2016
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