Last $78.45 USD
Change Today -1.88 / -2.34%
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As of 5:20 PM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

daimler ag- spn adr (DDAIY) Key Developments

Daimler To Sell Car Dealerships In Eastern Germany

Daimler AG (XTRA:DAI) will sell all of its car dealerships in eastern Germany as there are several buyers interested in the whole package. The news was reported by Stuttgarter Nachrichten citing a spokeswoman for Daimler. Spokeswoman also said that profitable companies have signaled interest in buying all Mercedes-Benz dealerships in eastern Germany.

Daimler AG Launches G-Class 35 Edition

Daimler AG launched its new G-Class, named the 35 Edition. The model offers both the Chrome and Sport packages and black wheel arches, bumpers and side skirts and gloss black 18-inch alloy wheels. It is available in black, grey and white, with an interior that includes black Nappa leather seats and an AMG Performance steering wheel. The 35 Edition is offered as either the C350 BlueTec or the G500.

China's National Development and Reform Commission Investigates Audi, Chrysler, Benz in Guangdong on Monopoly

China's National Development and Reform Commission has been investigating monopolies by a number of automakers including Audi, Chrysler, Benz and a Japanese car company in Guangdong. The NDRC, the Ministry of Commerce and the State Administration for Industry and Commerce brief that Audi Hubei business and ten 4s stores, Chrysler Shanghai business and three 4s store, a Japanese carmaker in Guangdong and Benz have been fined. However, the NDRC and Guangdong branch have surveyed part, complete car and after-sale services of three Guangdong Japanese car companies started April this year, which were Guangqi Toyota, Guangqi Honda and Dongfeng Nissan. The three companies issued statements supporting anti-monopoly investigations in August but have not been disclosed whether they were investigated.

Daimler Announces Sales Results for the Month August 2014

Daimler announced sales results for the month August 2014. For the month, the company sold 118,887 Benz passenger cars, up 9.7% year on year. The Benz sales fell 6.2% year on year in Germany. In the meantime, the US sales were up 9.4% to 27,078 and the China sales were up 18.3% to 21,398 in August.

Daimler AG Announces Tuscaloosa Plant Expansion

Daimler has announced it will expand capacity at its plant in Tuscaloosa, Alabama (United States). The increase of 65,000 units per annum (upa) will accommodate the upcoming sport utility vehicle (SUV) coupe, a BMW X6-fighter previewed by a concept first shown at the 2014 Beijing Motor Show, and the C-Class, which began production in June 2014, bringing the plant's capacity to 300,000 upa.

 

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DDAIY:US $78.45 USD -1.88

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Company Last Change
Bayerische Motoren Werke AG €85.08 EUR -1.56
Ford Motor Co $16.17 USD -0.19
General Motors Co $33.22 USD -0.22
Honda Motor Co Ltd $34.32 USD -0.27
Siemens AG €94.31 EUR -1.57
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DDAIY

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Valuation DDAIY Industry Range
Price/Earnings 9.5x
Price/Sales 0.5x
Price/Book 1.5x
Price/Cash Flow 9.5x
TEV/Sales NM Not Meaningful
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