Daimler profit rises as Mercedes glistens
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Daimler AG  generated third-quarter earnings before interest and tax (EBIT) of 1.89 billion euros ($2.70 billion), just ahead of market expectations, as profits continued to rise at its Mercedes-Benz Cars division.
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Italian industrial group Fiat, based largely on autos, reported a bigger-than-expected rise in second-quarter net profit and raised its forecast for the year.
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Bayerische Motoren Werke AG, the world&#39;s second-largest maker of luxury cars, said third-quarter profit rose 7.6 percent, the fifth increase in a row, as new models lured customers from DaimlerChrysler AG&#39;s Mercedes-Benz.
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Hyundai Motor Co., South Korea's largest automaker, said Friday its net profit rose 2 percent last year on a 10 percent increase in sales.
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DaimlerChrysler AG  on Thursday said its U.S. sales rose 3 percent to 173,377 vehicles in January, from the same period a year earlier.
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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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German carmaker Daimler (DAIGn.DE)  aims for higher growth and to be one of the world's most  profitable car manufacturers, its chief executive told workers  in a letter, Frankfurter Allgemeine Sonntagszeitung reported.
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Swedish aviation and defence group Saab said Friday its second-quarter profit soared by 45 percent, exceeding analysts&#39; expectations, owing to strong sales despite a plunge in orders.
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German carmaker Daimler AG generated third-quarter earnings before interest and tax (EBIT) of 1.89 billion euros ($2.69 billion), just ahead of market expectations, as profits continued to rebound at its Mercedes-Benz Cars division.
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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 a cash injection from its sale of shares in the aerospace group EADS.
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DaimlerChrysler AG posted a $1.18 billion profit for the third quarter as sales climbed 2 percent to $43.1 billion. However, the German-American automaker also disclosed that the Mercedes-Benz Group faces tough sledding in months to come.
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Automaker Volkswagen AG said Friday that its third-quarter profit soared higher on improved sales in Asia, Europe and South America, along with lower costs for building cars.
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DaimlerChrysler AG Chief Executive Dieter  Zetsche said on Wednesday the German-U.S. auto maker was  sticking to its forecast for an operating profit of more than 6  billion euros for 2006 despite sales difficulties at its U.S.  Chrysler division.
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German-US auto giant DaimlerChrysler said that sales of its prestigious Mercedes brand rose sharply in November, driven primarily by the success of its new models.
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DaimlerChrysler's flagship Mercedes Car Group intends to regain peak profit levels within the next few years after operating profit dips in 2004, division had Juergen Hubbert said on Thursday.
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Hyundai Motor Co  posted a better-than-expected 45 percent rise in quarterly profit as output at South Korea's top auto maker spiked after it avoided a strike for the first time in 10 years and as domestic sales rose.
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DaimlerChrysler AG, the world&#39;s fifth- biggest carmaker, reported a third-quarter profit as Chrysler&#39;s US sales rose and a year-earlier write-off wasn&#39;t repeated.