martedì 25 giugno 2019

Daimler. Manca gli obiettivi sui gas. Utili azzerati e crollo in borsa.

Giuseppe Sandro Mela.

2019-06-25.

2019-06-25__Daimler__001

Unione Europea e Governo tedesco hanno imposto alle case automobilistiche leggi e regolamenti così restrittivi da risultare essere impossibili da ossequiare. In particolare, i limiti stabiliti sulle emissioni dei gas da motori diesel sono al momento irraggiungibili senza distruggere l’attuale rapporto prestazioni / costo.

Come risultato, i potenziali acquirenti non comprano certamente più macchine a motore diesel, mettendo così in crisi l’industria produttrice.

Gli utili sono azzerati e le azioni sono crollate in borsa.

Non solo, Mercedes ha dovuto richiamare dapprima 700,000 autovetture, poi altre 60,000 per controlli e manutenzione extra.

Tutte queste situazioni hanno determinato una consistente delocalizzazione della produzione, le cui vendite sono orientate verso paesi con vincoli meno stringenti.

«Things are getting worse for German auto manufacturer Daimler»

«The German Federal Motor Transport Authority (KBA) ordered the car maker to recall 700,000 diesel vehicles in April, because of a software cheat similar to that used by Volkswagen in the Dieselgate scandal»

«Daimler, the German auto company that makes Mercedes-Benz, has slashed its 2019 profit expectations by hundreds of millions of euros»

«The revelation trashed confidence among consumers and regulators in diesel technology and cost Volkswagen tens of billions of dollars in recalls, legal penalties and settlements »

«Shares of German automaker Daimler fell almost 4% in intraday trading Monday after the company cut its earnings guidance, saying the ongoing diesel emissions scandal at Mercedes-Benz is going to cost more than previously thought»

«Shares in the carmaker declined 3.6% in Frankfurt on Monday. The stock has dropped nearly 20% from a recent high in April»

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Una cosa è lottare contro la concorrenza, ed una totalmente differente con lo stato in cui risiede la holding.

I tedeschi stanno sistematicamente assassinando il loro comparto produttivo automotivo, che era uno dei pilastri portanti dell’export germanico.

Né l’ascesa politica dei Grüne lascerebbe intravedere schiarite: nulla da stupirsi quindi se gli investitori stiano abbandonando la Daimler.

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Daimler forced to recall more Mercedes cars in emissions cheat probe

Things are getting worse for German auto manufacturer Daimler after local newspaper Bildreported that the company is recalling a further 60,000 Mercedes cars.

The German Federal Motor Transport Authority (KBA) ordered the car maker to recall 700,000 diesel vehicles in April, because of a software cheat similar to that used by Volkswagen in the Dieselgate scandal.

The Daimler software works by reducing nitrogen oxide emissions while the vehicle is in testing mode, but is disabled during normal driving conditions. This means the cars can pass emissions tests but exceed limits after they are sold.

The latest addition of 60,000 cars to the recall covers a range of Mercedes models, including the Vito, C-Class, V-Class and GLC cars.

A spokesman for Daimler confirmed the information to Agence France-Presse, and Reutersreported that the Transport Authority would be expanding its investigation into other models.

The fallout from Dieselgate continues, with Daimler and other companies including Fordbeing investigated for cheating emissions tests.

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The diesel scandal just destroyed profit growth at Daimler, maker of Mercedes-Benz

Daimler, the German auto company that makes Mercedes-Benz, has slashed its 2019 profit expectations by hundreds of millions of euros. The financial downgrade, announced Sunday, is the latest fallout from the diesel emissions scandal that has rocked the German auto industry.

The company said that “various ongoing governmental proceedings and measures relating to diesel vehicles” will affect the company’s second quarter earnings. It said it expects an increase in expenses related to those proceedings.

Daimler said its profit for 2019 will be close to last year’s level.

Shares in the carmaker declined 3.6% in Frankfurt on Monday. The stock has dropped nearly 20% from a recent high in April.

German automakers have faced years of scrutiny regarding harmful emissions that diesel vehicles produce. That scrutiny stems from a 2015 admission by another German automaker — Volkswagen (VLKAF) — that it rigged millions of diesel engines to cheat on emissions tests.

The revelation trashed confidence among consumers and regulators in diesel technology and cost Volkswagen tens of billions of dollars in recalls, legal penalties and settlements.

In April, the European Commission said that Volkswagen, BMW (BMWYY) and Daimler (DDAIF) broke antitrust rules by acting together to delay the introduction of two emissions cleaning systems between 2006 and 2014.

Daimler said at the time that it has been “cooperating extensively” with the Commission and did not expect to be fined.

Automakers, including Daimler, are investing heavily in new technology in a race for the future as tech companies and upstarts like Tesla (TSLA) plow money into electric and autonomous cars. Daimler plans to offer 130 electric and hybrid models by 2022, in addition to electric vans, buses and trucks.

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Daimler’s stock drops as diesel scandal cuts profit for Mercedes’ parent company

– The German automaker said its second-quarter earnings will be hit by “a high three-digit million” charge related to ongoing diesel emissions scandal.

– The automaker said its 2019 earnings will likely be about the same as 2018 — 11.1 billion euros ($12.6 billion).

– It previously forecast “slight growth in unit sales, revenue and earnings” for the year. 

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Shares of German automaker Daimler fell almost 4% in intraday trading Monday after the company cut its earnings guidance, saying the ongoing diesel emissions scandal at Mercedes-Benz is going to cost more than previously thought.

The Stuttgart-based car company, which is traded on the Frankfurt Stock Exchange, told investors Sunday it’s facing “a high three-digit million” euro increase in charges related to ongoing government proceedings and measures related to diesel vehicles. Those charges will be taken during its fiscal second quarter. 

The automaker said its 2019 earnings will likely be about the same as 2018 — 11.1 billion euros ($12.6 billion) — after previously forecasting “slight growth in unit sales, revenue and earnings” for the year. 

“This really handcuffs them a bit,” said Dan Ives an analyst at Wedbush Securities.

On Friday, Germany’s vehicle authority ordered the company to recall 60,000 SUVs with technology it said impermissibly reduced emission controls. Daimler said in its first-quarter earnings release that it also faces a probe of emissions matters by the U.S. Justice Department.

German prosecutors are also investigating the company and searched company offices in 2017 as part of the ongoing probe.

Daimler faces a consumer class-action lawsuit in the U.S. along with supplier Bosch, which is accused of conspiring with the automaker to deceive U.S. regulators.

The Mercedes-Benz parent company is scheduled to release its second-quarter earnings on July 24. It will be the first quarterly report under new CEO Ola Kallenius, who recently took over from Dieter Zetsche.

The news comes as the company tries to expand its footprint in electric vehicles against competition from other European automakers like Audi and Renault.

“It’s going to be a balancing act, they really need to hold investor’s hands on this and the question is can they navigate these headwinds,” said Ives. “It’s an arms race in the electric vehicle world right now.”

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