QUOTE AND NEWS
Forbes  12 hrs ago  Comment 
While the Freightliner Inspiration Truck is far from a fully self-driving vehicle, it's an important first step on the path toward autonomous transportation and has huge commercial implications.
Automotive World  May 8  Comment 
Daimler Trucks North America is taking vehicle integration to another level after launching its latest Detroit Powertrain The post DTNA provides “unmatched” integration appeared first on Automotive World.
Automotive World  May 7  Comment 
BY MARTIN KAHL. Daimler prepares for a future of autonomous trucks, and VW prepares to give its truck ops a degree of autonomy The post COMMENT: Truck industry looks to the US for Inspiration appeared first on Automotive World.
Benzinga  May 6  Comment 
Daimler AG (OTC: DDAIF) became the world's first manufacturer to be granted a road license for self-driving truck Tuesday. But it will be about 10 years before the technology becomes commercially available in freight-hauling trucks. "It...
Bulk Transporter  May 6  Comment 
Daimler Trucks North America (DTNA) plans to sharply increase production and employment levels at its Mount Holly NC truck manufacturing plant over the next three months. read more
Automotive World  May 5  Comment 
Freightliner Inspiration Truck with Highway Pilot becomes world´s first autonomous truck to be granted a license for road use in the State of Nevada Brian Sandoval, Governor of Nevada, and Dr. Wolfgang Bernhard, member of the Daimler AG board...
Automotive World  May 5  Comment 
For the fourth time carmaker and mobility service provider Daimler is partner at one of the world’s leading conferences on digital society, re:publica in Berlin. The focus this year is on new approaches to human-machine communication, the wind...
newratings.com  May 5  Comment 
Daimler AG: Release according to Article 26, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution Daimler AG 05.05.2015 09:04 Dissemination of a Voting Rights Announcement, transmitted...
The Times of India  May 5  Comment 
Increasing orders from the Americas is part of Motherson's strategy to reduce overdependence on Europe, from where it got 58% of its consolidated revenue.
The Economic Times  May 4  Comment 
A few of these centres are pure “styling” centres, where details around designing car exteriors are chalked out, says Jochen Feese, senior manager at Daimler.




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Related Articles

 

Daimler AG manufactures upscale cars, trucks, buses, and vans. Its leading automobile brand is Mercedes Benz, while its vans, trucks, and buses carry the Daimler logo.

Daimler has much narrower margins than its Asian competitors because of its unionized German workforce. On the other hand, Mercedes enjoys superior brand recognition in India and China. Daimler's revenues in these areas have been growing at 25%+ annual compounded rates since 2006 despite the economic downturn, helped also by the widening acceptance of Western style vehicle-financing. Daimler trucks, in the meanwhile have been enjoying similar growth rates in Latin America, especially Brazil.

Mercedes-Benz Research and Development India Private Limited Mercedes-Benz’ stands for tradition, innovation and the future of the automobile and represents quality and safety on roads throughout the world. Mercedes-Benz Research and Development India Pvt. Ltd. (MBRDI), a 100% captive unit of Daimler AG. MBRDI is the largest Research and Development center of Daimler AG outside Germany and contributes in the areas of Computer Simulation (CAE), Design (CAD), Electrical/Electronics and IT-Services. Research and development engineers at MBRDI assess the performance and reliability of various sub-systems and contribute to product development in all the stages of the life-cycle. Organised in extended teams, the engineers collaborate with our partners in the Research & Development Centers and Business Units in Germany, Japan and the USA.


Business Overview

Quarterly and Annual Earnings

Q1 FY2011 Quarterly Earnings Summary

Daimler posted first quarter profit of €1.2 billion, almost doubling last year's first quarter earnings of €612 million [1] Revenue similarly increased from €21.2 billion in year-ago earnings to €24.7 billion for the first quarter of 2011.[1] Daimler's cash holdings increased to €12.4 billion for the quarter.[1]

These earnings were driven by a 15% increase in unit sales for the quarter when compared to last year.[1] Daimler sold 461,742 units for the first quarter, an increase from 402,726 in 2010.[1] With the exception of Daimler's Bus segment, growth was also driven by increased sales in each of Daimler's sales sections.[1] Mercedes-Benz cars and vans' sales increased by 12% and 16% respectively for the quarter, whereas sales of Daimler's trucks increased by 27%.[1]

FY2010 Annual Earnings Summary

Daimler announced net profit of 4.7 billion in 2010 as compared to losses of 2.6 billion in 2009.[2] This profit was driven by an increase in total revenue, up from 78.9 billion in 2009 to 97.8 billion in 2010 as well as a 22% increase in unit sales.[2] Daimler also increased R&D expenditures by 16% as compared to 2009 and also increased capital spending by 51% for 2010.[2]

Profits and revenue increases were driven by increased sales across all of Daimler's segments in 2010: unit sales for Mercedes-Benz Cars and Daimler Trucks increased by 17% and 37% respectively.[2] Mercedes-Benz Vans and Daimler Buses followed suit, increasing 35% and 20% respectively as well.[2] This increase in sales volume translated into increased revenues across the segments as well.[2]

Business Segments

Daimler's business segments are Mercedes-Benz Cars, Daimler Trucks, Daimler Financial Services, Mercedes-Benz Vans, and Daimler Buses. While Daimler Financial Services is dedicated to financial services activities like financing and leasing services for vehicle sales, the other four segments market and sell automotive vehicles. Mereces-Benz Cars is consistently DAI's revenue-driving segment[3]

Trends & Forces

Growing Consumer Interest in Fuel Efficiency

Daimler states that it's goal is: "to make diesel engines as clean as gasoline engines and gasoline engines as efficient as diesels."[4] Although Mercedes' lauded BLUETEC diesel technology certainly reduces diesel emissions considerably, it is unclear that Mercedes' has developed any unique technology or designs to improve the efficiency of gasoline engines. While technology at the Truck Division is certainly state-of-the-art, Daimler's competitors continue to produce trucks with similar fuel efficiency.[5] Daimler's automobiles provide a more difficult comparison because as a luxury marque, buyers often will opt for performance over fuel efficiency. This is especially true in the US market where Mercedes-Benz's smallest engine has 3.0 liters and six-cylinders, larger than the smallest engines sold in the US by other european luxury automakers such as BMW or Audi. In Europe Daimler markets many smaller gasoline and diesel engines, however the fuel efficiency of these models is similar to cars from other automakers, and Daimler has the lowest overall fleet efficiency of any major european automaker.[6] In an attempt to improve this, Mercedes began selling hybrid versions of its s-class and m-class in 2009.[7] Yet on the whole fuel efficiency is not a major selling point for Daimler automobiles.

Consumers are moving towards more environmentally friendly and fuel efficient automobiles. This is for a multitude of reasons including political tension in the Middle East, rising oil prices due to growing demand in the developing world (especially China), and increasing concern over global warming. Daimler's BlueEFFICIENCY program, begun in 2008, seeks to improve fuel economy by 12% for the company's entire fleet of vehicles. This initiative will consider everything from engine efficiency, to aerodynamics, to tire roll resistance.[8]

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 Daimler Announces Q1 Earnings
  2. 2.0 2.1 2.2 2.3 2.4 2.5 | Daimler Announces Fourth Quarter Earnings
  3. DAI 2009 20-F pg. 47  
  4. stock:Daimler_AG_(DAI)/Filing/20-F/2008/F1253448 Daimler Annual Earnings, 10K Report
  5. http://gizmodo.com/354434/most-high-tech-18-+wheeler-ever-almost-puts-optimus-prime-to-shame
  6. http://www.economist.com/research/articlesBySubject/displaystory.cfm?subjectid=348990&story_id=10329196
  7. http://www.greenbiz.com/news/2008/06/23/daimler-takes-aim-fuel-efficiency-across-entire-fleet
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