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Daimler sees sales, revenue increasing in 2010

Daimler sees sales, revenue increasing in 2010
AP
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First Published: Wed, Apr 14 2010. 12 56 PM IST
Updated: Wed, Apr 14 2010. 12 56 PM IST
Berlin: German car company Daimler AG has reaffirmed its revenue forecast for this year and says it expects increases in sales and revenue.
Chief executive Dieter Zetsche told shareholders at its annual meeting Wednesday that Daimler plans to grow sales at about double the rate of the global car market in 2010.
The company reaffirmed the outlook delivered in February. It said it expects unit sales and revenue to increase “but that they will still be significantly lower than the good levels of 2008.”
Daimler forecast earnings before interest and tax from ongoing business operations of €2.3 billion ($3.1 billion).
Zetsche said a platform-sharing partnership with Renault and Nissan is an important step toward a “highly efficient business system.”
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First Published: Wed, Apr 14 2010. 12 56 PM IST
More Topics: Germany | Daimler | Dieter Zetsche | Renault | Nissan |