Daimler expects a strong business year in 2011, says CFO

Article by Christian A., on February 8, 2011

Daimler AG’s CFO Bodo Uebber told German TV station Deutsches Anleger Fernsehen on the sidelines of a sports gala in Wiesbaden that the company expects 2011 to be another strong business year, but has concerns over supply constraints and high commodity prices.

Its main brand Mercedes-Benz said that it aims to sell the highest number of cars in the company's history in 2011. In fact, it just had its best January result ever.

On Feb. 16, 2011, Daimler will present its preliminary annual earnings; however, it has already revealed that Mercedes-Benz brand vehicles sales rose 15.3 percent to 1.17 million units in 2010 aided by growth in the United States and China.

Optimism aside, Uebber “warned” that challenges remain given rising input prices as well as production constraints - both signals economists often point to for an impending buildup of inflationary pressures that pose a dilemma for the European Central Bank.

His comments come after the euro zone saw inflation spike to a 15-month high in January 2011, with consumer prices in the 17 countries using the euro up 2.4 percent year-on-year, holding above the ECB's target of just below two percent for the second month in a row. [via autonews - sub. required]

Topics: daimler

If you liked the article, share on:

Comments

Recommended

The new 2018 Ford Mustang GT, when equipped with its optional Performance package, will be able to produce 460 horsepower. It also comes fitted with Michelin Pilot Sport 4S tires...
by - October 19, 2017
It’s not as if the Porsche 718 Boxster and Cayman are not already impressive cars. The automaker has just given us more reasons to love the twins. The 2018 model...
by - October 19, 2017
After months of dropping online teasers, Polestar finally reveals its very first production car virtually. The Polestar 1 is a two-door coupe that gets its design inspiration from the 2013...
by - October 19, 2017
While the official premiere of 2018 Jeep Wrangler (JL/JLU) is already set this December, fans everywhere rejoiced at having had something like this appear on the web. Yes, everything we...
by - October 19, 2017
South Korean carmaker Kia will try to follow up the success of its Sportage compact sports utility vehicle by introducing a smaller SUV (subcompact) in the United Kingdom in the...
by - October 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