Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Deutsche Boerse AG  >  Audi AG    NSU   DE0006757008

Real-time Quote. Real-time TRADEGATE AG - 09/30 08:00:13 am
620.8620 EUR   +0.19%
09/29 TOP-SELLING SUV : Audi at the Paris Motor Show
09/29 SAVE THE DATE : Live stream of opening of the new AUDI AG plant in M..
09/29 AUDI : Sport develops racing version of the Audi RS 3
SummaryQuotesChartsNewsCalendarCompany 
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Daimler Eyes Growth as Mercedes Steps on Gas

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/05/2015 | 02:26pm CEST

BERLIN-- Daimler AG predicted significant growth for this year thanks to buoyant car demand in China and the U.S., despite a decline in profit in the fourth quarter because of charges.

Operating earnings will rise by more than 10% this year and sales by more than 5%, Chief Executive Dieter Zetsche said on Thursday.

Strong sales of Mercedes-Benz's flagship S-class sedan and a full stable of new and refurbished models are helping Daimler's car division catch up with rival German luxury car makers BMW AG and Audi AG.

Stuttgart-based Daimler aims to retake the top luxury spot by 2020. Mercedes will step on the gas this year, introducing four new or refreshed sport-utility vehicles and a new ultraluxury Pullman sedan.

"Daimler is on an upward curve," Mr. Zetsche said in a statement.

Daimler's operating profit rose to EUR2.82 billion ($3.23 billion) in the fourth quarter, from EUR2.56 billion a year earlier. But a EUR600 million increase in provisions for antitrust proceedings against Daimler's truck division caused net profit to tumble 33% to EUR1.10 billion.

For this year, Mr. Zetsche predicted double-digit percentage car-sales growth in China. The company expects sales to rise also in North America as a result of new models. In Western Europe, it hopes to outpace an expected slight revival in demand. European industry association ACEA said on Thursday that car sales will likely rise this year but at a slowing pace.

In full 2014, Daimler's net profit rose 1.8%, to EUR6.96 billion, as revenue increased 10% to EUR129.87 billion.

Investors reacted positively to the news and shares rose roughly 2%.

Operating earnings of Daimler's car business were higher than average analyst expectations in the fourth quarter, said Commerzbank analyst Daniel Schwarz. He predicted expectations for the group's operating earnings this year will now rise.

Sales of Mercedes S-class models doubled last year. That rise combined with strong demand for Mercedes's compact models lifted overall sales 13%--to 1.65 million vehicles. Mercedes grew faster than BMW and Audi, but still trails its two rivals.

The three German luxury car brands, which control about 80% of global luxury car sales, are in a tight race for the top spot. The three rivals have been fighting for market share in China, the world's biggest car market by volume, by expanding dealerships and introducing new models. Audi is number-two behind BMW world-wide, but is the largest premium brand in China.

Now, with the U.S. car market back to precrisis levels and growing, the German premium brands are set for a battle in the lucrative U.S. luxury segment. Mercedes is targeting surging SUV growth in the U.S. Audi is building a plant in Puebla, Mexico, to produce a new version of its Q5 SUV in 2016 in a drive to become the best-selling premium brand in the U.S.

Daimler expects operating earnings of its truck and van making units' ongoing business to rise more than 10% this year, helped by further revenue growth and efficiency gains. Last year, the truck division's operating earnings jumped 15% as sales increased slightly. The van division's operating earnings rose 8.1% amid a 6.4% revenue increase.

Write to Friedrich Geiger at friedrich.geiger@wsj.com

Access Investor Kit for Bayerische Motoren Werke AG

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=DE0005190003

Access Investor Kit for AUDI AG

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=DE0006757008

Access Investor Kit for Daimler AG

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=DE0007100000

Access Investor Kit for Volkswagen AG

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=DE0007664005

Access Investor Kit for Volkswagen AG

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=DE0007664039

Access Investor Kit for Daimler AG

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US2338251083

Access Investor Kit for Volkswagen AG

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US9286623031

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AUDI AG
09/29 AUDI : Patent Issued for Adjustable Wheel Suspsension for the Wheels of an Axle ..
09/29 AUDI : Patent Issued for Motor Vehicle Comprising an Electronic Rear-View Mirror..
09/29 AUDI : Patent Issued for Method for Operating a Fuel System, and Fuel System (US..
09/29 AUDI : Patent Issued for Method and Device for Adjusting a Mirror for a Motor Ve..
09/29 TOP-SELLING SUV, RS NEWCOMER AND DE : Audi at the Paris Motor Show
09/29 SAVE THE DATE : Live stream of opening of the new AUDI AG plant in Mexico
09/29 AUDI : Sport develops racing version of the Audi RS 3
09/29 POLE POSITION IN THE COMPACT SEGMENT : The Audi RS 3 Sedan
09/29 EVEN SPORTIER AND MORE MULTIFACETED : the second generation of the Audi Q5 arriv..
09/29 AUDI : TTS Coupé and TTS Roadster
More news
Sector news : Automobiles & Multi Utility Vehicles
01:42a VOLKSWAGEN : VW's Skoda to ponder U.S. production amid market push
09/29DJFORD MOTOR : Bill Ford Jr. Calls Recent Trump Comments 'Wrong' and Misguided
09/29DJCar Makers Revenue Up Push Into Electric Vehicles
09/29 Nissan sets 'hard Brexit' compensation condition for new UK investment
09/29 Bill Ford says governments need to be involved as transport changes
More sector news : Automobiles & Multi Utility Vehicles
News from SeekingAlpha
2015 U.S. Tech Firms Protest Beijing Security Rules
2015 JANUARY AUTO SALES : American-Made
2015 12 Stocks To Buy If You Believe In Driverless Cars
Advertisement
Chart AUDI AG
Duration : Period :
Audi AG Technical Analysis Chart | NSU | DE0006757008 | 4-Traders
Full-screen chart
Managers
NameTitle
Rupert Johann Stadler Chairman-Management Board & CEO
Matthias Müller Chairman-Supervisory Board
Axel Strotbek Director-Finance & Organization
Berthold Huber Deputy Chairman-Supervisory Board
Helmut Aurenz Member-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AUDI AG-8.05%0
SAIC MOTOR CORPORATION..2.17%36 022
MARUTI SUZUKI INDIA LT..19.66%24 670
BYD COMPANY LIMITED--.--%21 202
GUANGZHOU AUTOMOBILE G..48.84%16 949
CHONGQING CHANGAN AUTO..--.--%10 388
More Results