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Surge in Sales Propels Daimler Profits

Revenues up 6% as demand grows for new S-Class, other models.

by on Jul.23, 2014

Daimler AG CEO Dieter Zetsche during a recent product unveiling. Mercedes plans to launch 30 new models by the end of the decade.

Promising to regain its once-formidable lead as the world’s top luxury car manufacturer, Daimler AG has unleashed an unprecedented product assault that has begun gaining traction with consumers – driving a surge in second-quarter sales and earnings for the parent of the Mercedes-Benz and Smart brands.

With revenues up 6%, to $42.4 billion, Daimler posted a net profit of nearly $3 billion for the April to June period. But perhaps more telling was the fact that earnings before interest and taxes, or EBIT, shot to 7.9% of revenue during the latest quarter, up from 6.4% a year earlier.

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“We are growing profitably, our strategy is bearing fruit,” said Daimler AG Chief Executive Dieter Zetsche in statement accompanying the earnings announcement. “We are very satisfied with the second quarter and continue to work effectively on structural improvements.”

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Mercedes Near Decision on Sharing Mexican Plant with Nissan

“Potential pros and cons,” says Zetsche.

by on Sep.28, 2012

Zetsche is apparently leaning towards sharing a Mexican assembly plant with Nissan.

Daimler AG will “probably” announce by year-end a decision on where it will build a new North American assembly plant, Chairman Dieter Zetsche tells TheDetroitBureau.com, and there is a strong possibility that the new factory will be part of a planned mega-complex alliance partner Nissan has already committed to in Mexico.

“We are investigating the potential of our plants operating together,” said Zetsche, confirming a story first reported by TheDetroitBureau.com earlier this year.

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Daimler needs more capacity to supply North America and other markets , having reached the limits of what it thinks can be done out of its existing Mercedes-Benz assembly plant near Tuscaloosa, Alabama. Until now, Zetsche had only confirmed that it was looking at various sites in the U.S., Canada and the U.S.

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Honda Latest to Add Plant in Mexico

South of the Border becomes the new direction for the auto industry.

by on Mar.29, 2012

Honda CEO Takanobu Ito, (center right) during groundbreaking ceremonies in Mexico.

Honda de Mexico, S.A. de C.V. has begun construction of a new plant in Central Mexico – making the Japanese maker just the latest to take advantage of Mexico’s low wages and strategic location.

The new plant will begin operation in 2014 with production of the Honda Fit subcompact model, said Takanobu Ito, president & CEO of Honda Motor Co., Ltd.

Honda’s announcement comes barely two months after Nissan revealed plans for a massive, $2 billion assembly complex in Aguas Calientes, in Central Mexico – with Mercedes-Benz also considering construction of a new plant not far from the Nissan site.

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With this new facility in Mexico, Honda continues to advance its commitment to invest in and grow its operations in North America, Ito said. With growing demand for fuel-efficient vehicles, the new plant will increase Honda’s ability to meet customer needs for subcompact vehicles from within North America.

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Daimler Planning New North American Plant

Maker looking at options in U.S. and Mexico.

by on Jan.25, 2012

The new Mercedes plant would likely produce a version of the next-gen A-Class - and possibly the Infiniti Etherea, as well.

Hoping to gain a leg up on its luxury market rivals, Daimler AG is looking at adding at least two more plants to its global production network – one in China and the other some place in North America.

The new plants could be a critical step in regaining the global sales lead as Daimler’s Mercedes-Benz brand battles key rivals BMW and Volkswagen’s Audi brand.  Mercedes narrowly lost the U.S. sales crown to the Bavarians in 2011.

Mercedes officials told Germany’s Manager Magazin the plan is to double the brand’s worldwide output to 2.7 million by 2020.  It sold 1.26 million Mercedes-badged vehicles in 2011, about 120,000 less than BMW. Significantly, the publication said Daimler is aiming for a 10% operating margin by the end of this decade.

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One of the questions TheDetroitBureau.com is hoping to resolve is what role Nissan will play in the selection and operation of a new Mercedes plant in North America.  Could Daimler be looking at adding production capacity of its own alongside a new Nissan facility newly announced for Mexico?

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