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The psychics over at Reuters are reporting today that the Mercedes Car Group expects to generate a record operating profit of over 4.1 billion euros ($4.82 billion) in 2007, as well as a margin of 7.3 percent.
The article is actually based on information leaked by Capital magazine, who said the division's unit sales were set to climb to 1.43 million cars by then from 1.22 million last year.
The magazine also goes as far as breaking down the individual results for each brand of the Mercedes Car Group, indicating the Mercedes-Benz brand would have a 2007 margin of 7.6 percent, while the Smart small car business would eke out an operating profit of 10 million euros after having lost 6 billion euros from its May 1995 start through to the end of 2006.
The magazine notes that the estimates factor in an increase in the Euro-Dollar exchange rate, as well as 2,500 jobs being cut from the Mercedes Car Group's workforce.
Capital magazine cited "updated internal planning documents reviewed by the carmaker's top management" as the basis for their claims; DaimlerChrysler failed to comment on the matter.
Investors, get your checkbooks handy, we're sitting on a gold mine...*
*Please note - this story contains forward looking statements, and is based purely on bullsh*t. We take no claims for liability or losses you or your
investors may suffer as a result of Capital magazine's psychic abilites or supposed "insider sources."
All kidding aside, with Zetsche now heading the Mercedes Car Group, I won't be surprised in the slightest to see a significant increase in operating profit or margins. Only time will tell.
For more info, check out the full article over at Reuters by clicking here.
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