Mexican Media Brands
Daimler Triples Its Cash Flow
Daimler AG says the free cash flow of its industrial business jumped to €5.4 billion in the third quarter from €1.6 billion in the same period of 2013.
#economics
Share
Daimler AG says the free cash flow of its industrial business jumped to €5.4 billion in the third quarter from €1.6 billion in the same period of 2013.
The company notes that it previously expected cash flow for the period to shrink.
Daimler also reports a sharp upswing in quarterly earnings before interest and taxes for July-September for Mercedes-Benz Cars (+29% to €1.6 billion), Daimler Trucks (+17% to €618 million) and Mercedes-Benz Vans (+16% to €176 million).
The company will report more third-quarter financial results late next week.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.