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Drone Cufflinks

Mercedes-Benz sold 2.31 million passenger cars last year, making it the top-selling premium automotive brand in 2018, although some analysts are questioning how much longer German manufacturers can dominate the luxury car industry. Daimler said it was working on “countermeasures” to increase profits but could not mention details about possible cost cuts because they were still being worked out. “Daimler’s 2018 results, dividend cut and 2019 guidance encapsulate everything that’s going on in autos right now. Daimler ended 2018 quite weakly. Growth has stalled and costs are rising. Free cash flow is deteriorating and visibility is poor,” Max Warburton, an analyst at Bernstein Research, said buy cufflinks.

The profitability of Daimler’s cars division lagged peers and although trucks recovered, the profitability was also below that of rivals, Evercore ISI analyst Arndt Ellinghorst said in a note discussing the German carmaker’s earnings buy cufflinks. Daimler expects 1.45 billion euros ($1.7 billion) in headwinds from increased currency and commodities costs this year, Chief Financial Officer Bodo Uebber said. For 2019 Mercedes-Benz Cars expects to achieve a return on sales of between 6 percent and 8 percent and a return on sales of between 5 percent and 7 percent for Mercedes Vans, Daimler said..

“With our guidance for Mercedes-Benz Cars and Mercedes-Benz Vans we are below our long-term target margins buy cufflinks. We cannot be satisfied with this. Our goal is to return to our target margin corridor of 8 percent to 10 percent by 2021,” Daimler Chief Executive Dieter Zetsche said in a statement. For 2019 Daimler said it expects a slight growth in unit sales, revenue and EBIT. To counter falling sales and shrinking profits, carmakers are showing increased willingness to explore strategic alliances with rivals as a way to spread the cost of developing next generation cars, buses and trucks..

Daimler said it was in talks with China’s Geely about potentially broadening an alliance beyond ride-hailing buy cufflinks. Geely’s chairman owns a 9.69 percent Daimler stake. [nL5N2012C7]. “We are in talks about other topics which have a bigger dimension,” Zetsche told journalists about the Chinese talks, declining to elaborate further. Daimler is also talking to potential partners about how to bring down the cost of autonomous driving research even though the German carmaker remains happy with a current development alliance with supplier Robert Bosch, Zetsche said..

Google’s Waymo is ahead of established carmakers in terms of its development plans for autonomous cars, Zetsche said buy cufflinks. Daimler’s earnings before interest and tax (EBIT) dropped to 2.67 billion euros in the fourth quarter, below analysts’ expectations of 2.92 billion euros. Mercedes-Benz passenger car sales rose 4 percent in the fourth quarter but increased tariffs on vehicles exported from the United States to China and delivery stoppages for individual diesel models hit demand and resulted in weaker prices..