Increasing signs that reports of the death of luxury cars are greatly exaggerated are emerging from Sindelfingen. To the joy of Daimler stockholders, and to the amazement of pundits who predicted we’ll be driving scooters, Daimler nearly doubled its profit guidance. According to the new reckoning, between €2.5 and €3b should appear below the bottom line as EBIT (earnings before interest and taxes) by the end of this year, says Daimler according to Das Autohaus. That came as quite a surprise. (Read More…)
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