Mercedes: Years to Regain Peak Profit
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DaimlerChrysler&#39;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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German auto group Daimler published broadly positive third quarter results Thursday showing that strong sales of Mercedes cars offset a disappointing performance by its trucks division.
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From a $1.4 million Italian sports car to a turbocharged $400,000 Mercedes, these top-of-the-line wheels deliver performance and prestige.
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Ford Motor Co. , General Motors Corp. , and DaimlerChrysler AG's Chrysler unit can boost annual profit by as much as a combined $2 billion by raising the fuel economy of their vehicles, according to a study released yesterday.
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Ford Motor Co., the nation's second-biggest automaker, said Thursday it swung to a profit of $104 million in the fourth quarter from a loss of $793 million a year ago, when it incurred heavy charges for restructuring in Europe and a new agreement with its top supplier hurt the bottom line.
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Daimler&#39;s sales rose 4.7% to 188,492 vehicles from 185,535 a year ago. Year-to-date, sales were up 3% to 1.8 million, while US sales at its Mercedes-Benz unit slipped to 18,323 from 19,273.
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US carmaker Ford Motor returns to profit, as the money it makes from lending to customers outweighs losses from selling vehicles.
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DaimlerChrysler AG reported third quarter profits of almost 1 billion euros on Thursday, rebounding from a year-earlier loss, thanks to a strong performance from a Chrysler division rejuvenated by new models like the 300C sedan and Dodge Magnum wagon.
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Ford Motor Co. on Thursday reported a  quarterly profit, reversing a year-earlier loss, on the  strength in its finance arm.
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DaimlerChrysler's (DCXGn.DE) third-quarter operating profit rose 7 percent, just below analyst expectations, as gains at U.S. arm Chrysler helped offset weaker earnings at premium carmaker Mercedes.
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DaimlerChrysler&#39;s third-quarter operating profit rose 7 percent, just below analyst expectations, as gains at US arm Chrysler helped offset weaker earnings at premium automaker Mercedes.
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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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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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The 15 high-end autos that deliver the best return on investment.
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Sales at DaimlerChrysler rose 2.1% in 2004, as Chrysler makes up for weakness at luxury marque Mercedes, the German-US carmaker says.
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Lower sales may aid GM and Ford's return to profitability.
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The strong euro and cost of eliminating quality problems will eat into earnings at Mercedes, the luxury car brand of German-US auto giant DaimlerChrysler, Mercedes chief Eckhard Cordes said in a newspaper interview.