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German Automakers’ Profits May Beat Pre-Financial Crisis Levels
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Germany’s big three carmakers, which have added about 67 billion euros ($90 billion) in market value since the end of the 2009, are poised for 2011 profits exceeding pre-financial crisis highs amid U.S. and Chinese demand.
Bayerische Motoren Werke AG and Volkswagen AG will probably post earnings before interest and taxes for this year beating records set in 2007 and 2008, respectively, while Daimler AG’s Ebit is expected to rise to the highest level since 1999, when Chrysler was still part of the company, according to analysts.