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
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.