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The word "Daimler" is on a wall at the annual press conference of Daimler AG. Photo: Sebastian Gollnow / Archive
Source: dpa-infocom GmbH
Last year, the numbers were brilliant, at the present time Daimler's balance sheet looks much darker. CEO Zetsche promises at least some improvements – and as for him, he sets the stage for the next decade.
S tuttgart (dpa) – With a new structure, independent divisions and job guarantees for all employees in Germany, the automaker Daimler has reformed itself in the face of l evolution of the industry. For cars and vans, there should be from 2020 to Mercedes-Benz AG, as announced the Stuttgart Group on Thursday. At Daimler Truck AG, the truck and bus sector is united. The financial services division as the third pillar, legally independent, should also be renamed Daimler Mobility AG in 2019. The company has badured its employees in Germany to continue their work until at least the end of 2029. [19659009] Last year, Daimler had shone with record numbers, but more recently the problems have increased. In the second quarter, earnings declined because of the high special costs – and the prospects in the main Mercedes-Benz main business are still mau. "The headwind is huge," said CEO Dieter Zetsche. But we are going forward
The "Future Project" will cost a hefty $ 3 million, on which shareholders will have to vote in May next year. Daimler had announced plans for the restructuring of the company in 2017 and since then has carefully considered what it meant. Now, the board of directors and the supervisory board have agreed. Daimler AG should forward it – as an umbrella company with global functions. What role Dieter Zetsche CEO should play in this new construction, he left open Thursday. That had not been said yet, he said. Zetsche's contract expires at the end of 2019.
"With the new organizational structure, Daimler defends the rapid change of the mobility industry and the related strategic challenges," explained the chairman of the supervisory board , Manfred Bischoff. In particular, the context is that Daimler promises more mobility to independent divisions, for example when it comes to partnering with other companies for certain products. Until now, the whole group has always had to agree, even if the important parts are not affected. Again and again speculation on an IPO of the truck division. Zetsche and his financial director Bodo Uebber stressed that this was not a problem right now.
"Technologically, culturally and structurally, Daimler forms the best possible future," said Zetsche. Daimler not only invests a lot of money in the development of electric cars and autonomous driving, but also in alternative mobility concepts at the heart of the business – car pooling, carpooling …
The board of directors administration and the company committee also negotiated a year ago. The agreements are unique in Germany, said managing director of the company committee, Michael Brecht. In addition to the guarantee of employment and the continuation of benefit sharing by 2025, it is important that employees can have a say in future investments and to know if the components should be produced. or purchased internally. In addition, Daimler has promised investments in German sites of 35 billion euros. Among other things, battery factories will be built at headquarters in Untertürkheim and Sindelfingen.
Zetsche badumes that the current third quarter will be even more loaded because the Group is not as close to the certification of pbadenger cars and small commercial vehicles. thought. Expensive software upgrades for diesel vehicles, delivery stops, and the new WLTP exhaust emission test standard ensure that some Daimler models are temporarily unavailable to customers. At Mercedes-Benz, Daimler was to grant higher discounts, as customers in China used charter rates for cars coming from Europe for their price negotiations with dealerships
only in the fourth quarter, the arrears should be treated, says Zetsche. However, Daimler recently revised down its earnings guidance for 2018.
In the second quarter, shareholder profit fell 29% to 1.73 billion euros. Earnings before interest and taxes also fell by almost one-third to 2.64 billion euros. The legal costs for the comparison of the Toll Collect toll system weighed on the operating result of 418 million euros. Despite the rise in vehicle sales, sales fell slightly by 1% to 40.76 billion euros.
Daimler to the new structure of the group
Daimler to the numbers for the second quarter
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