Mercedes 2007 forecast predicts record profit
A leaked Mercedes Car Group planning document shows that the automaker expects a record profit in 2007 of $4.82
billion, on an operating margin of 7.3 percent (more than double the margin recorded in 2004).
Interesting tidbits:
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the group expects Smart to show a small profit in 2007, after forecast losses of nearly $1.9 billion this year.
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Mercedes-Benz expects to sell 10 percent fewer cars in 2006 and 2007, primarily due to lower sales of C-Class and E-Class models.
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the group forecast assumes an increase in the euro-dollar exchange rate to $1.35 from $1.20
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the forecast assumes 2,500 jobs will be cut, well below Zetsche's current target of 8,500.
[Reuters]
Reader Comments (Page 1 of 1)
BP 10:50PM (12/18/2005)
Does M-B know something I don't? The Euro has generally been declining against the dollar all year. Now at $1.18, the lowest point this year.
The European economy is not heating up either.
http://www.x-rates.com/d/USD/EUR/hist2005.html
I think their smoking euro-crack.
Reply