
German auto and truck giant Daimler, which owns Mercedes-Benz, said Thursday it achieved record sales and profits in 2011, its 125th anniversary year. Daimler said in a statement it booked bottom-line net profit of 6.029 billion euros ($8.0 billion) in 2011, a leap of 29 percent from the previous year. Underlying profit, as measured by earnings before interest and tax (EBIT), jumped 20 percent to 8.755 billion euros. Unit sales were up 11 percent at 2.111 million cars and revenues grew by 9.0 percent to 106.5 billion euros, the group said. "We achieved our best-ever results in 2011 for unit sales, revenue, EBIT and net profit. All of our divisions contributed to this success," boasted chief executive Dieter Zetsche. The Mercedes-Benz Cars division also "never performed better than in 2011," setting new records for sales, revenue and underlying profit, he said. In the fourth quarter alone, net profit soared 57 percent to 1.785 billion euros and revenues climbed 10 percent to 29.066 billion euros. Looking ahead o the current year, Daimler said that -- assuming global industry-wide growth of 4.0 percent, driven primarily by emerging markets in Asia -- it expected unit sales to "increase again significantly this year and that revenue will also continue to grow." In terms of profits, underlying earnings were expected to match last year's level, Daimler added.
GMT 15:26 2017 Friday ,22 December
VW sacks executive jailed over 'dieselgate': reportGMT 12:54 2017 Friday ,22 December
Baidu accuses former exec of stealing self-driving car technologyGMT 17:41 2017 Wednesday ,06 December
UK car sales extend slump: industry bodyGMT 14:49 2017 Sunday ,19 November
US rejects Ford petition to delay recall of 3m vehiclesGMT 19:06 2017 Wednesday ,08 November
BMW revs research spending higher, profits fishtailGMT 10:33 2017 Tuesday ,24 October
Singapore to freeze number of cars on its roadsGMT 13:26 2017 Tuesday ,17 October
Tesla sacks hundreds of workers on Model 3 stall: sourceGMT 21:18 2017 Saturday ,07 October
Tesla delays big rig truck debut; Model 3 in ‘production hell’
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor