New Mercedes-Benz Models Boost Daimler's Profits
Oct 31st 2013 7:01PM
Updated Oct 31st 2013 7:04PM
German automaker Daimler reported third-quarter earnings of 1.84 billion euros, or just over $25 billion. That's a 61% increase over the 1.14 billion euros earned by Daimler in the third quarter of last year, a boost driven by record sales at Mercedes-Benz.
Mercedes has struggled in recent quarters as archrivals BMW and Audi have both outpaced the old luxury stalwart in terms of both profit margins and sales in key markets. But as Motley Fool senior auto analyst John Rosevear explains in this video, Daimler CEO Dieter Zetsche might finally have Mercedes-Benz moving in the right direction -- and that bodes well for Daimler's growth over the next few quarters.
These two automakers are poised for big gains
U.S. automakers boomed after WWII, but the coming boom in this white-hot auto market will put that surge to shame! As consumers in this fast-growing region continue to grow richer, savvy investors can take advantage of this once-in-a-lifetime opportunity with the help from this brand-new Motley Fool report that identifies two automakers set to surge in this huge new market. It's completely free -- just click here to gain access.
The article New Mercedes-Benz Models Boost Daimler's Profits originally appeared on Fool.com.Fool contributor John Rosevear owns shares of Ford. You can connect with him on Twitter at @jrosevear. The Motley Fool recommends BMW and Ford. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.