Daimler beats expectations
24/10/2013
Finance chief Bodo Uebber said the two-year programme aimed at cutting a combined EUR 3.1 billion in costs at its luxury cars and commercial trucks divisions is on schedule and would provide it with a good start for next year.
"We anticipate further earnings improvements in the future," the Daimler CFO said, adding that it has achieved 70% of the EUR 600 million in savings planned for Mercedes this year, up from 30% at the end of the second quarter.
Third-quarter group earnings rose 15% to EUR 2.23 billion.
Mercedes saw success after relaunching its A-Class compact late in 2012 and unveiling the newest version of its flagship S-Class limousine in July.
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