Arndt Ellinghorst

Arndt Ellinghorst
adjusted effects margin pension percent positive slightly treatment
Adjusted for positive effects from the treatment of pension obligations, BMW's fourth-quarter automotive margin of 6.6 percent was slightly better than expected.
spin suffering
After all these years of suffering, why spin it off?
porsche slap
For most Porsche shareholders, it's a slap in the face.
break built increases likelihood major needs networks painful
This increases the likelihood that Zetsche will make major changes. He needs to break up all these networks that were built up over the 10 years of Schrempp. It's going to be a painful process.
break mercedes
The make or break for Mercedes will be the face-lift of the E-class.
filling germans hybrid missing saw seeing technology until
Until now, the Germans thought, 'We can make it with diesel.' They saw hybrid as a technology that was just filling a gap. Now they're seeing that, particularly in the U.S., they're missing a market.
clearly company continue cost delivering effect given half highlights last less market mix models outlook positive pressures resistant savings second similar volume year
The outlook that the first half-margin should be similar to the second half last year clearly highlights that the market pressures will continue and that Peugeot is less resistant to these pressures, given that their cost savings are flattening out and the new models are delivering less of a positive volume and mix effect than the company was expecting.
chrysler commercial earnings estimates fear results vehicles
The quarterly results are very, very good. Profitability at Chrysler and Commercial Vehicles is convincing. This should take some of the fear out of the market. I think earnings estimates will now have to be raised.