Daimler’s Dieter on the Bubble?
The global automotive Great Recession could easily claim another high profile executive as the speculation intensifies in the German press that Daimler AG’s chief executive, Dieter Zetsche, is about to...
View ArticleMercedes Beats Sales Record for Third Year Running
Mercedes-Benz expects to set new production and sales records for 2013. The world's oldest carmaker produced 1.49 million vehicles, which would be the third year in a row setting a new mark. The German...
View ArticleSurge in Sales Propels Daimler Profits
Promising to regain its lead as the world’s top luxury carmaker, Daimler has unleashed an unprecedented product assault that is gaining traction with consumers – driving a surge in second-quarter sales...
View ArticleBlistering August Sales Swell Luxury Vehicle Numbers
Luxury car sales remained brisk during August as Mercedes-Benz, BMW and Lexus as well as Audi all posted healthy sales increases last month in what has become an increasingly contest sales. Overall,...
View ArticleDaimler Reports Mercedes Expected to Hit Sales Record
A surge in Mercedes-Benz sales boosted Daimler AG's revenue by 10% in the third quarter despite the soft global economy, which the company expects worsen. Daimler net earnings also jumped to 2.82...
View ArticlePorsche Sales Push German Makers to Record Highs
Porsche confirmed that 2014 has been a banner year for the makers of high-priced German automobiles, which are at or near all-time highs. The companies have seen sales in China and the U.S. push them...
View ArticleDaimler Extends Zetsche’s CEO Deal to 2019
The Daimler AG Board of Supervisors plans to extend the contract of the company’s chief executive officer, Dieter Zetsche, through 2019. Zetsche’s current contract expires at the end of 2016. Want to...
View ArticleDaimler Earnings Nearly Double on Strong Sales of New Mercedes Models
Even as two key U.S. rivals reported weak earnings for the first quarter, Daimler AG delivered an unexpectedly strong performance, its net profit nearly doubling as luxury buyers raced to showrooms to...
View ArticleForeign Automakers Enjoy Strong April Sales
Carmakers from around the world finished April with strong sales in the United States. Most makers posted sales increases, although Volkswagen, Honda and Kia all saw small declines. To get all of the...
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