Carmaker Daimler on Thursday posted forecast-beating third-quarter results, citing a faster than expected market recovery and strong business in September.
Third-quarter earnings before interest and tax reached 3.07 billion euros ($3.59 billion), Daimler said, beating the 2.14 billion Refinitiv forecast. It said it expected the positive momentum to continue in the fourth quarter, assuming there are no further coronavirus lockdowns.
The COVID-19 pandemic had led to a slump in sales, pushing the company to operating losses in the first and second quarters.
To counter losses, Daimler’s Mercedes-Benz has stopped building sedans in the United States to focus on more profitable SUVs, combined its fuel cell development with Volvo Trucks, and halted an automated development alliance with BMW BMWG.DE.
Earlier this month, Daimler said it will cut fixed costs, capex and research and development spending at Mercedes-Benz by more than 20% by 2025 as part of a strategy overhaul to take the brand further upmarket.
The move will see Mercedes-Benz, currently the world’s top selling premium car brand, turn its back on a decades-old strategy of chasing sales volume to focus on the industry’s most profitable segments: limousines and sport-utility vehicles.
Daimler said it expects to publish updated guidance for the full year when it publishes full results on Oct. 23.
Mercedes-Benz Posts Strong Earnings After Covid-19
16/10/2020
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Mytodayhealthtips
Nitroethane predisposed an organic compound with the chemical formula C2H5NO2. It is an oily liquid at standard temperature besides pressure, and holy nitroethane is colorless with a fruity odor.
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Chemical Reactions: Nitroethane can undergo https://mytodayhealthtips.com/bmk-glycidate-deciphering-the-chemical-intricacies-of-a-key-intermediate-in-organic-synthesis different condensations, this kind as the Henry reaction, in order convert into a number compounds of commercial attention. For example, condensation with 3,4-dimethoxybenzaldehyde yields the precursor to the antihypertensive drug methyldopa, while condensation with unsubstituted benzaldehyde yields phenyl-2-nitropropene, solid precursor for amphetamine drugs.
Fuel Additive and Rocket Propellants: Nitroethane predisposed adapt as all fuel additive and solid precursor to rocket propellants, showcasing its versatility in in every one applications.
Physical and Chemical Properties
Physical Description: It predisposed https://cabinet-dentaire-djerba.com/nitroethane-unlocking-the-chemical-potential-of-a-versatile-nitro-compound-introduction all pale, oily liquid with all mild, fruity odor.
Boiling Point: Nitroethane has solid bubbling orient of 237°F and solid freezing orient of -130°F.
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Explosive Limits: Nitroethane owns special upper and lower explosive limits, making it solid flammable liquid.
Environmental and Regulatory Aspects
Release in order to the Environment: Nitroethane’s manufacturing besides consumption as solid solvent, artificial fingernail glue remover, and chemical intermediate may result in its disengage to the surroundings through the various worked streams.
Regulatory Status: In the United States, nitroethane predisposed classified as a DEA List I chemical, making it not easy for individuals to purchase the result its union with drug precursor activities.