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Daimler Has First Loss in 4 Years on Chrysler Costs
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Posted 10/26/2007 7:34 PM
iNeon

Date registered: Dec 1899
Location:
Vehicle(s):
Daimler Has First Loss in 4 Years on Chrysler Costs

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aQWG0h0bKD3Q

What do you think?
#93820
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Posted 10/26/2007 9:25 PM
Marsden
Classic MB




Date registered: Apr 2006
Location: Capital City USA
Vehicle(s): Mercedes-Benz
5000
RE: Daimler Has First Loss in 4 Years on Chrysler Costs

I think it's gonna be a drag when I trade in my Mercedes which says "DaimlerChrysler" on the door jamb.

So Daimler stock is up 63% since the sale of Chrysler was announced.

The market has spoken.  

 

 

#93832 - in reply to #93820
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Posted 10/28/2007 11:27 PM
Ed Mclass
Expert




Date registered: Apr 2006
Location: Nashville, Tennessee
Vehicle(s): 1958 180a, 2010 GLK, 2000 G 500, 2005 SLK 350
Posts: 1215
1000
Re: Daimler Has First Loss in 4 Years on Chrysler Costs

They should do better next quarter. Sales are up and they have ramped up production of trucks in Alabama so they can ship them to Europe and take advantage of the low dollar to EURO conversion.
#94017 - in reply to #93820
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Posted 11/6/2007 2:56 AM
Marsden
Classic MB




Date registered: Apr 2006
Location: Capital City USA
Vehicle(s): Mercedes-Benz
5000
;)

BMW 3rd Quarter Net Profit Jumps 78% On Tax Effect, Higher Car Sales
By Christoph Rauwald
Last Update: 2:47 AM ET Nov 6, 2007
FRANKFURT (MarketWatch) -- BMW AG (BMW.XE) Tuesday said that net profit jumped 78% in the third quarter, fueled by rising car sales and a favorable tax environment. Net profit came in at EUR803 million in the third quarter compared to EUR452 million in the same period last year, exceeding analysts estimates of EUR605 million. BMW is "well on its way towards achieving its earnings and sales volume targets for the full year," BMW said in a statement. BMW still aims to achieve a pretax profit that, adjusted for the one-off gain on the Rolls-Royce exchangeable bond, exceeds last year's figure and targets a new car sales record for the year of more than 1.4 million vehicles. The world's biggest premium automaker posted pretax profit of EUR765 million for the third quarter ended Sept. 30, up 6.3% from EUR720 million a year ago, but below analysts' forecasts of EUR900 million.
http://www.marketwatch.com/news/story/bmw-3rd-quarter-net-profit/story.aspx?guid=%7BA36DFD3E%2DB1AF%2D4614%2DA9A5%2D035DB5EDA484%7D&dist=hplatest
#95101 - in reply to #93820
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