MR
Michael Raab
8quotes
Quotes by Michael Raab
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In excess of 6 billion could be anything, but this year at least you can partially forgive them for giving such a fuzzy outlook because they are facing a couple of unknowns themselves.
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It takes longer to rebuild the image than it took to destroy it so they have to make sure that the facelift version of the E-Class is of a higher quality standard and more failure-safe than the pre-facelift version has been.
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Daimler is being saved by Chrysler and financing, especially with all the restructuring costs at Mercedes.
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It seems the rejuvenation of the (Mercedes-Benz) product lineup has been quite successful, which means financials at Mercedes-Benz this year should be subject to drastic improvement. I guess these guys will be good for at least one or two earnings surprises.
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Both manufacturers are profiting from strongly rejuvenated product lines. Demand in the overall car market is rather restrained.
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You have to bear in mind that January of last year was the weakest (January) since 1996, so we have a certain positive basis effect here.