--
 
Would you want to pump your own fuel?

‘One of the strangest things about driving overseas, is having to pump your own fuel. Would you want to?’ asks Lance Branquinho.

Best-selling vehicles in SA

With the new year in full swing, we take a look at some of the top-selling vehicles in SA by segment for December 2017.

Daimler reports record profit for 2017 on SUV, E-Class sales

2018-02-01 10:47

Germany -  German automaker Daimler AG says net profit rose 24% to a record €10.9-billion euros last year, helped by strong sales of its Mercedes-Benz SUVs and new E-Class luxury sedan

The Stuttgart-based company gave a measured earnings outlook for this year, saying that operating earnings would be of "the magnitude of the previous year" instead of increasing.

Daimler said its earnings would be burdened by "very high" expenditure on new models and technologies such as battery-powered cars. Like others, the company also has to prepare for autonomous driving and a shift to transportation services such as car-sharing and ride-hailing through smartphone apps.

Revenue rose 7% on the year to €164.3-billion and management proposed its highest dividend to date, 3.65 per share.

NEXT ON WHEELS24X
Read more on:    mercedes-benz  |  daimler  |  e-class

There are new stories on the homepage. Click here to see them.