Mercedes-Benz E-Class Buoys Daimler Earnings
October 20, 2009
Daimler AG beat analysts third-quarter earnings estimates and improved its cash flow, 
largely on the success of the new E-Class.
Daimler made about $700 million before interest and taxes, the automaker reported. That was nearly a $2.2 billion swing from a loss to a profit.
In the U.S., Mercedes-Benz's September sales were off nearly 10 percent from a year earlier, but sales of the just-launched E-Class soared 28 percent.
Posted by Michelle Krebs at 10:05 AM under Business , Companies | Comments (0) | digg this | Seed Newsvine
Leave a comment