October 21, 2020

    Daily Auto News, Luxury Cars, Photos, Prices, Spy Shots, Videos, Incidents and more
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    Daimler posts forecast-beating results as demand show recovery

    Daimler shares boosted 4.5% on Friday after the German luxury automaker posted forecast-beating third-quarter results, rallied by a better-than-expected recovery in sales of luxury cars in September. European car registrations increased slightly in September, the first increase this year, industry data revealed on Friday, suggesting a recovery in the automobile sector in some European markets where […]

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    Daimler’s operating profit to fall due to crackdown on diesel

    Daimler stated its operating profit would decrease by over 10 percent this year, its second earnings warning since June, putting blame on “government proceedings and measures in various regions” as a crackdown on diesel emissions takes a toll. Daimler cautioned investors it expected its full-year earnings prior interest and tax to be “significantly below” 2017’s […]

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    Daimler says U.S. tax reform will raise 2017 net income

    German automaker Daimler stated on Friday the U.S. tax reform would lead to an income tax benefit of around 1.7 billion euros ($2.01 billion) in its 2017 results. Other problems not linked to the U.S. tax reform will result in greater taxes, however, which means the total boost in net income will pertain to around […]

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    Daimler lifts profit projections as Mercedes’ sales accelerate

    German luxury vehicle producer Daimler raised its projections on Wednesday, forecasting a substantial increase in operating revenue this year after a rise in sales of Mercedes-Benz luxury automobiles and sports utility vehicles, enhanced by the launch of new models. Daimler stated it now expected substantial development in volume sales, revenue and group earnings prior to […]

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    Daimler Rises as Profit Amazes and Mercedes Seals Sales Lead

    Daimler AG increased the most in three weeks after the business solidified its lead in the luxury-car market and said it’s positive of reaching this year’s hidden revenue objectives, regardless of over 1 billion euros ($1.1 billion) in one-time expenses in the second quarter. Changed revenues before interest and taxes increased 5.6 percent to 3.97 […]

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    If you're planning an Off-Road Adventure into the outback, as a minimum, you’ll need an air compressor. Be sure to read this guide to choose the best off road 12 volt air compressor.