Tag Archives: daimler ag

Mercedes-Benz to invest €60B to be Electric Only

Posted on 2 December 2021 by Ken Zino

The Supervisory Board agreed to  an investment plan for the years 2022 to 2026 of more than €60 billion. Mercedes-Benz claims it will reduce capex, research and development expenses for the electrification of the product portfolio and digitalization processes, including steps towards automated driving, albeit at an admittedly high level. Needed to do this is an increase net revenues per vehicle. In addition, a gradual shift toward a direct sales model, which includes control over pricing, is being sought. Rising revenue from digital services will further support results. Continue reading →

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Daimler Earns €4.0 billion in 2020

Posted on 25 February 2021 by Ken Zino

During 2020, net profit improved to €4.0 billion (2019: €2.7 billion). Net profit attributable to the shareholders of Daimler AG amounted to €3.6 billion (2019: €2.4 billion), leading to an increase in earnings per share to €3.39 (2019: €2.22). At the Annual General Meeting on 31March 31, 2021 the Board of Management and the Supervisory Board will propose a dividend of €1.35 per share (2019: €0.90). Total payout will amount to €1.4 billion (2019: €1.0 billion). Continue reading →

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Daimler Q3 Covid Results – Sales, Revenue Down. Earnings Up

Posted on 23 October 2020 by Ken Zino

Daimler expects that the significant unit-sales reductions recorded in the first nine months due to the COVID-19 pandemic will only be partially offset by the end of the year. Group unit sales and Group revenue in 2020 are forecast to be significantly lower than in the previous year. Continue reading →

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New Mercedes-Benz Strategy Aimed to Help Higher Profits

Posted on 6 October 2020 by Ken Zino

This follows the Q2 Daimler disaster. The COVID pandemic or the Grim Reaper saw a decline in demand for cars, vans, trucks and buses. Group total sales decreased by -34% to 541,800 cars and commercial vehicles (Q2 2019: 821,700). Revenue slipped significantly by -29% to €30.2 billion (Q2 2019: €42.7 billion). EBIT was minus -€1,682 million (Q2 2019: minus -€1,558 million). Adjusted EBIT was -€708 million (Q2 2019: plus €2,447 million). Continue reading →

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Daimler Q1 2020 Net Profit Down -92% at €168m from €2149  

Posted on 29 April 2020 by Ken Zino

Daimler says it responded to the “temporary drop in demand” caused by the Covid pandemic by proactively taking production stoppages in March and April. The net liquidity of the industrial business decreased to €9.3 billion at the end of first quarter, compared to €11.0 billion at year-end 2019. The decrease is particularly due to the negative free cash flow of the industrial business. Continue reading →

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Daimler Postpones Annual Shareholders’ Meeting

Posted on 13 March 2020 by Ken Zino

Daimler said in a statement just issued that the worldwide spread of the coronavirus ( aka COVID-19 or SARS-CoV-2) as well as The Robert Koch Institute and the responsible health authorities in Germany are assuming that the number of infections will increase significantly in the coming weeks. Continue reading →

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Daimler and Geely Form Joint Venture to Develop smart

Posted on 28 March 2019 by Ken Zino

It’s said that smart will gain shared expertise in manufacturing, engineering and design from both groups. Also, smart will expand to meet demand for electrification, with production based in China. The EVs will be assembled at a new purpose-built electric car plant with global sales due to begin in 2022 in what is said to be an all-electric product renewal. Continue reading →

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Mobility Company Capital Destruction. Latest German JV Attempts to Lessen Negative Effects on Shareholder Value

Posted on 28 December 2018 by Ken Zino

It’s just the latest example of the capital intensive, shareholder-value destroying transition to an ill-defined, but demonstrably expensive mobility company that all automakers are now pursuing. Continue reading →

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BMW, Daimler Combine Mobility Services for Survival

Posted on 28 March 2018 by Ken Zino

The new front in the transportation of the future fight in cities and mini-cities will be soldiered by CarSharing, Ride-Hailing, Parking, Charging and Multimodality troops. Each company will hold a 50% stake in a joint-venture made from both companies’ current mobility services. It is alleged that the two companies will remain competitors in their respective core businesses, something the capital markets and ultimately customers will weigh in on. Continue reading →

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Chinese take 10% stake in Daimler. Unwelcome?

Posted on 27 February 2018 by Ken Zino

Translation: the Germans didn’t seek this, and it could turn out to be a complicated ménage à trois with lots of conflict over the loot. Continue reading →

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Daimler AG Sets Dividend at €2.20 a Share

Posted on 10 April 2013 by Ken Zino

At the Annual Shareholders’ Meeting of Daimler AG in Berlin on Wednesday, shareholders approved a dividend for the year 2012 of €2.20 per share, the same as in 2011 for a total dividend payout of €2.35 bllion. Continue reading →

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UK Starts Hydrogen Fuel Cell Vehicle Project with Automakers, Utilities and Gas Suppliers – Cars on Road Promised by 2014

Posted on 18 January 2012 by Ken Zino

The allure of fuel cells remains efficiency, roughly 50-60% compared to an internal combustion engine’s ~20%. Emissions are also attractive – no pollutants at the tailpipe and some studies indicate a drastically reduced overall well-to-wheel emissions when compared with today’s fossil fuel engines. Continue reading →

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