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  >  Xetra  >  Daimler AG    DAI   DE0007100000

Delayed Quote. Delayed  - 08/29 05:35:11 pm
61.23 EUR   -0.76%
08/29 SMART TIMES 201 : Longest smart parade drives through Hamburg with m..
08/26 DAIMLER : 'Giving back is in Mercedes-Benz's DNA'
08/25 DAIMLER : Denis Bellemare appointed General Manager at Mercedes-Benz..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Daimler : Cuts Spare Part Prices in China

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/04/2014 | 03:56am CEST

SHANGHAI--German luxury car maker Daimler AG will cut prices of spare parts for its Mercedes-Benz cars in China, according to a statement issued Sunday.

Daimler's move comes just over a week after rival Audi AG announced price cuts for spare parts of up to 38% in China and Tata Motors Co.'s Jaguar Land Rover PLC said it would reduce prices for three models in its portfolio in response to an investigation by the pricing and antimonopoly division of the National Development and Reform Commission, China's top economic-planning agency.

The new prices will take effect from Sept. 1 and will cover more than 10,000 parts. Reductions will average 15%, the statement said. The price of some items, such as windscreens, will be cut by as much as 29%.

China has strengthened its regulation of pricing in recent years under an antitrust law that was enacted in 2008. It has taken aim at a variety of foreign brands ranging from pharmaceutical producers to the baby-formula milk-powder industry, sometimes leading to considerable fines.

Foreign luxury car makers have been accused by China's state media of earning exorbitant profits in China by dominating the market, overcharging consumers and controlling the sale of auto parts.

Write to Colum Murphy at colum.murphy@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DAIMLER AG
08/29 SMART TIMES 2016 : Longest smart parade drives through Hamburg with more than 1,..
08/26 DAIMLER : 'Giving back is in Mercedes-Benz's DNA'
08/25 DAIMLER : Denis Bellemare appointed General Manager at Mercedes-Benz Laval
08/25 DAIMLER : Patent Issued for Motor Vehicle Having a Driver Assistance Unit (USPTO..
08/25 DAIMLER : Mercedes-Benz India launches the GLE 400 4MATIC in petrol variant
08/25DJDAIMLER : Mercedes-Benz to Start Voluntary Layoffs in Brazil -- Update
08/25DJDAIMLER : Mercedes-Benz to Start Voluntary Layoffs in Brazil
08/25 DAIMLER : Buswest Achieves Platinum Support Status
08/25 DAIMLER : Trucks North America to Participate in SuperTruck II Initiative
08/24 DAIMLER : Oxford Brookes University - UTC Swindon student secures dream apprenti..
More news
Sector news : Auto & Truck Manufacturers - NEC
08/29 TAKATA : Truck carrying Takata air bag materials explodes in Texas, killing one
08/29 EU to hand Apple Irish tax bill of $1.1 billion, source says
08/29 EU to hand Apple Irish tax bill of over 1 billion euro, source says
08/29DJEXOR : Profit Jumps on Fiat Chrysler Results
08/29 EXOR : first-half profit jumps on PartnerRe inclusion
More sector news : Auto & Truck Manufacturers - NEC
News from SeekingAlpha
08/29 EV Company News For The Month Of August 2016
08/27 Automakers look to disrupt at this year's Paris Motor Show
08/24 Daimler sweeps bureaucratic style away
08/22 CHANGE IN THE CAR INDUSTRY ACCELERAT : Who Needs A Steering Wheel? Ford Doesn't
08/22 Daimler warns on back-half sales growth slowdown in China
Advertisement
Financials (€)
Sales 2016 153 522 M
EBIT 2016 12 881 M
Net income 2016 8 523 M
Debt 2016 8 922 M
Yield 2016 5,35%
P/E ratio 2016 7,78
P/E ratio 2017 7,32
EV / Sales 2016 0,49x
EV / Sales 2017 0,47x
Capitalization 66 009 M
More Financials
Chart DAIMLER AG
Duration : Period :
Daimler AG Technical Analysis Chart | DAI | DE0007100000 | 4-Traders
Full-screen chart
Technical analysis trends DAIMLER AG
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 72,4 €
Spread / Average Target 17%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Dieter Zetsche Chairman-Management Board & CEO
Manfred Bischoff Chairman-Supervisory Board
Thomas Weber Head-Group Research & Member-Management Board
Jan Brecht Chief Information Officer
Clemens A. H. Boersig Member-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
DAIMLER AG-20.47%73 897
TOYOTA MOTOR CORP-16.93%193 698
VOLKSWAGEN AG-7.14%71 733
BAYERISCHE MOTOREN WER..-20.90%56 076
HONDA MOTOR CO LTD-17.93%53 775
GENERAL MOTORS COMPANY-7.29%49 247
More Results