Daimler lifts 2020 profit outlook as Mercedes-Benz margins rebound

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German automaker Daimler raised its 2020 profit outlook on Friday as a 24% jump in demand for luxury cars in China in the third quarter, a new record, helped turn around margins at its Mercedes-Benz cars division.

FILE PHOTO: The Mercedes-Benz logo is seen near the Daimler headquarters, as the spread of the coronavirus disease continues in Stuttgart, Germany, April 22, 2020. REUTERS/Andreas Gebert/File Photoraised its 2020 profit outlook on Friday as a 24% jump in demand for luxury cars in China in the third quarter, a new record, helped turn around margins at its Mercedes-Benz cars division.

The car and truck maker said it now expected full-year earnings before interest and taxes to reach prior-year levels, compared with its previous expectation of a drop in earnings. “We appreciate the fact the Mercedes can deliver very high margins whilst selling an increasing number of electrified vehicles . This should calm down some of the fears concerning alleged material profitability erosion from EVs,” Arndt Ellinghorst, analyst at Bernstein Research, said on Friday.

 

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都TM在中国赚的多吧

So schön aus Stuttgart!!

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