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Daimler Financial Services expects record operating profit this year


Daimler estimates that its financial services business will grow profitably in 2013 after the company forecast a record €1.3 billion in operating profit for 2012. In the first ten months of the year, Daimler Financial Services posted all-time highs for new business and contract volume, and its operating profit (EBIT) rose above €1 billion for the first time in the first ...
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Continental AG Expects Slight Increase in 2013
Continental AG, the German car parts supplier, expects growth in its car and van business next year. "Europe will stagnate at its current relatively low level. The trough should have been ...
VW relies on Skoda to become world’s largest carmaker
VW's subsidiary Skoda is looking to grow twice as fast as its parent company by becoming the next „people's car”, thus giving up on its upmarket ambitions. The transformation is key ...
Mazda2 to be assembled in Vietnam
The Japanese manufacturer and distributor of passenger cars and commercial vehicles, Mazda, will start assembly of its Mazda2 model in Vietnam, at the company’s local distributor Vina Mazda Automobile Manufacturing, ...

latest automotive news
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Volvo’s executive reshuffle should be just the tip of its US revival
Sweden’s Volvo Cars has enjoyed a new lease of life since it was acquired back in 2010 by China’s Geely ...
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BMW adds all-wheel-drive to its M models
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