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Daimler shows strong performance in second quarter despite semiconductor shortage

Daimler shows strong performance in second quarter despite semiconductor shortage News provided by Share this article Unit sales increased by 36% to 736,400 passenger cars and commercial vehicles Revenue of €43.5 billion (Q2 2020: €30.2 billion) EBIT of €5,185 million (Q2 2020: minus €1,682 million) Industrial free cash flow of €2,586 million (Q2 2020: €685 million) Net industrial liquidity of €20.9 billion (end of Q1 2021: €20.1 billion) Group net profit of €3,704 million (Q2 2020: net loss of €1,906 million) Outlook 2021: Revenue and EBIT significantly above prior year s level Industrial free cash flow expected slightly below prior year s level Daimler AG (ticker symbol: DAI) today reported its results for the second quarter, which ended June 30, 2021. The Group s total unit

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Mercedes-Benz of Kansas City highlights July lease specials on new 2021 luxury models

Mercedes-Benz of Kansas City highlights July lease specials on new 2021 luxury models
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Used 2013 Grey Mercedes-benz C-class C250 Avantgarde Sedan for sale in St James, WA

Used 2013 Grey Mercedes-benz C-class C250 Avantgarde Sedan for sale in St James, WA
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Preliminary Q2 2021 results above market expectations despite semiconductor shortage

Preliminary Q2 2021 results above market expectations despite semiconductor shortage News provided by Share this article Share this article STUTTGART, Germany, July 14, 2021 /PRNewswire/ Mercedes-Benz Cars & Vans achieved strong results in the second quarter thanks to convincing products, favorable product mix, pricing and ongoing cost discipline. This was despite negative effects from the very limited availability of semiconductor components. Daimler Trucks & Buses sales increased in almost all regions due to improved market conditions, which translated into higher profitability in the second quarter. In addition, the Daimler Trucks & Buses EBIT benefitted from strong pricing, higher aftersales business and positive, non-recurring valuation effects of around one hundred million euros. EBIT at Daimler Mobility benefitted from low cost of credit risk, a credit provision release of €120 million and improved funding costs.

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Used 2018 Grey Mercedes-benz C-class C200 Sedan for sale in St James, WA

Used 2018 Grey Mercedes-benz C-class C200 Sedan for sale in St James, WA
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