DaimlerChrysler expects bigger 2007 profits because of EADS sale
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The German-US auto giant DaimlerChrysler posted weaker second quarter earnings on Wednesday but raised its full-year profit forecast thanks to cash from its sale of shares in the aerospace group EADS.
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The European aerospace giant EADS hopes to achieve a double-digit operating margin by around 2015, a company spokesman said Thursday.
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BMW, the German automaker, said its profit rose 28 percent in 2006, helped by strong car sales and a one-time gain from the sale of a stake in Rolls-Royce, the British aircraft engine manufacturer. The company, which is based in Berlin, said it was seeking approval from its board to buy back up to 10 percent of its stock and said it would increase dividends. Net profit climbed to 2.87 billion euros ($3.77 billion) from 2.24 billion euros the previous year.
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Reporting record performance for 2007, German luxury car maker Daimler forecast on Thursday more moderate growth in 2008 owing to a weakening global economy and the effects of the US housing crisis.
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German-U.S. auto giant DaimlerChrysler announced on Friday that it has sold 7.5 percent of its shares in the European Aeronautic Defense and Space Company , which produces Airbus planes as well as missiles and ...Comment
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DaimlerChrysler AG , the world's fifth-biggest carmaker, forecast on Tuesday rising profitability through 2009.
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Automaking giant DaimlerChrysler AG said Thursday it earned 951 million euros ($1.18 billion) in the third quarter on good performances from its financial services division and its U.S. Chrysler arm, rebounding from a 1.7 billion euro loss a year ago when it had a large one-time write-off.
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Reinsurer Munich Re AG said Wednesday it expects to post a bigger profit in 2007 than last year, beating its previous target of more than $5.17 billion.
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DaimlerChrysler (DAIGn.DE) generated  second-quarter earnings before interest and tax of 2.13 billion  euros ($2.90 billion), the German carmaker said on Wednesday,  in line with market expectations.
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HANOVER, Germany  - DaimlerChrysler's trucks   business will improve its profitability in 2006 and be able to   withstand weaker market conditions next year, division head   Andreas Renschler said on Tuesday.
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B/E Aerospace Inc.  said on Monday that quarterly operating profit rose 78 percent on higher sales and bigger margins and the world's largest maker of plane seats raised its 2007 earnings outlook.
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German-US auto giant DaimlerChrysler, one of the main shareholders in EADS, has said it would not participate in a possible capital hike at the European aerospace giant.
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SINDELFINGEN, Germany  - DaimlerChrysler reported  fourth-quarter results far short of expectations on Thursday,  hit by a collapse in profits at the Mercedes Car Group luxury  division.
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DaimlerChrysler  is looking towards a rosy future after the sale of its U.S. arm Chrysler, the car maker's chief executive told a German newspaper.
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Net income was 1.7 billion euros ($2.5 billion) in contrast to a loss of 12 million euros in the period a year earlier, Daimler said.
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FRANKFURT/DETROIT  - DaimlerChrysler AG  shares rose more than 4 percent to their highest level since August 2001 on Monday amid continued speculation it could sell or spin off loss-making U.S. arm Chrysler.
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The German government and DaimlerChrysler have reached agreement on the &quot;broad outlines&quot; of a deal that will enable the car maker to sell part of its stake in European aerospace giant EADS while keeping it in German hands, a government spokesman has said.