We guarantee that your service and experience will be impeccable and like no other. There are some cases where your Land Rover or Jaguar may need to be left at our service center for a repair. We understand that being without your car can be an inconvenience. We recognize that our customers have daily duties and routines that they must adhere to. For this reason, we have loaner cars that will allow you to continue on with the routine of your everyday life. There is no need for your daily routines to come to a standstill. We also offer a shuttle service for our same day repairs. Our trained driver will shuttle you to and from wherever it is that you need to go locally in the Greensboro area. If you have any questions or inquiries about your Land Rover or Jaguar and its repair, please do not hesitate to contact us. Our professional service advisors and auto technicians are knowledgeable and they have all of the update to date information in regards to your particular vehicle. It is our job to make sure that you are completely educated and comfortable with your Land Rover or Jaguar. Exceptional customer service is what we work relentlessly to achieve. Eurobahn BMW MINI Mercedes-Benz Audi is located at 303 S Swing Rd. Greensboro, NC 27409. Visit us today and get your vehicle back on the road in no time.
With EBIT of €321 million, the division significantly surpassed its earnings of the prior-year period (Q1 2010: €119 million). The improvement in earnings was mainly caused by lower risk provisions and higher interest margins. Due to the natural disaster in Japan, write-down charges of €29 million were recognized for anticipated losses of receivables. The reconciliation of the divisions’ EBIT to Group EBIT primarily reflects the proportionate share of the Daimler Group’s equity-method investment in EADS, as well as other gains and losses at the corporate level. In the first quarter of 2011, Daimler’s proportionate share of the net result of EADS amounted to a profit of €74 million (Q1 2010: loss of €269 million). The prior-year loss was primarily the result of provisions recognized by EADS relating to the A400M military transport aircraft. The reconciliation also includes expenses of €191 million at the corporate level (Q1 2010: income of €26 million), partially related to legal proceedings. Following the substantial increase in 2010, Daimler expects its total revenue to continue to grow in 2011. That growth will probably be driven by all the automotive divisions.
On the basis of the divisions’ planning, Daimler anticipates a significant increase in total unit sales (2010: 1.9 million vehicles). At the same time, in order to secure its growth, Mercedes-Benz Cars is investing in the expansion of its production network, continuing its product offensive and intensifying the development of new technologies. This includes the joint venture between Daimler and Toray to produce and market automotive parts made of carbon fiber and the cooperation with Bosch on the development of electric motors for cars. In addition, capacities in Brazil and Turkey are being expanded, thus improving the availability of trucks in those markets. The division anticipates further growth in unit sales in the coming quarters compared with the prior-year periods. This assessment is supported by the current order situation. At the Daimler Trucks division, orders received by Trucks Europe/Latin America increased by a double-digit percentage and at Trucks NAFTA they actually quadrupled compared with the prior-year quarter.
The Mercedes-Benz Vans division also expects to achieve further growth in unit sales in full-year 2011, on the basis of the ongoing recovery of its most important markets. The launch of the Sprinter in China and the adjustment of production capacities in Argentina will additionally contribute to that growth. Daimler Buses expects to sell more than 40,000 complete buses and bus chassis in the year 2011. However, the increase will be due solely to the positive development of chassis sales in Latin America. The business with complete buses in Europe and North America is likely to remain weak. Daimler Financial Services anticipates a further increase in its worldwide contract volume and new business in full-year 2011. Credit-risk costs are expected to stabilize this year, but interest rates are likely to increase. Due to the strong demand for its products, the Daimler Group assumes that the worldwide number of employees will increase compared with the number at the end of 2010. All rights reserved.
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