DDAIF - Daimler AG

Other OTC - Other OTC Delayed Price. Currency in USD
48.90
-0.54 (-1.09%)
As of 9:47AM EST. Market open.
Stock chart is not supported by your current browser
Previous Close49.44
Open49.15
Bid0.00 x 0
Ask0.00 x 0
Day's Range48.90 - 49.15
52 Week Range44.80 - 67.20
Volume11,951
Avg. Volume42,291
Market Cap52.162B
Beta (5Y Monthly)1.56
PE Ratio (TTM)4.95
EPS (TTM)9.87
Earnings DateN/A
Forward Dividend & Yield3.64 (7.37%)
Ex-Dividend DateMay 21, 2019
1y Target Est60.49
  • Daimler denies battery supply problems, plans to build 50,000 EQCs this year
    Autoblog

    Daimler denies battery supply problems, plans to build 50,000 EQCs this year

    Daimler on Thursday said it plans to build 50,000 Mercedes EQC electric cars this year, denying a report in Manager Magazin that claimed it had been forced to pare back its 2020 production targets due to battery supply problems. Manager Magazin said Mercedes had slashed its production target to 30,000 from about 60,000 because of a shortage of battery cells from LG Chem. Daimler wanted to sell around 25,000 EQC vehicles in 2019, but only managed to build around 7,000 for the same reason, Manager Magazin said.

  • Mercedes Considers More Hybrids at High-Performance AMG Unit
    Bloomberg

    Mercedes Considers More Hybrids at High-Performance AMG Unit

    (Bloomberg) -- Mercedes-Benz is considering adding more plug-in hybrids to its AMG performance-car lineup, as the world’s top-selling luxury carmaker seeks to balance consumer demand for roaring combustion power with government pressure to meet stricter emission rules.Fleet customers of Daimler AG’s main brand have responded well to a growing list of hybrid models for sale, ranging from compacts to full-size vehicles, Mercedes-Benz sales chief Britta Seeger said in an interview. Private consumers are also increasingly willing to consider alternatives to traditional gasoline or diesel engines, she said.“Over the past 12 to 18 months we’ve really seen a mindset change and people are becoming much more open toward electric and hybrid cars,” Seeger said. “I see a lot of potential for AMG to grow further, both with traditional performance models as well as electrified versions like the upcoming GT 4-Door Coupe hybrid,” she said.Traditional automakers have been forced to rethink the market as they confront new emissions rules, rapidly changing technology and potent competition from the likes of e-car pioneer Tesla Inc. and new tech-industry entrants. The road is particularly treacherous for performance brands like AMG that rely on the growl of a big engine to attract well-heeled customers.With consumer demand for fully electric cars still unproven, hybrids may offer an attractive way for AMG to adapt without alienating range-anxious drivers unwilling to move away from combustion altogether.The GT 4-Door Coupe, a plug-in hybrid first shown as a concept in 2017, is due out this year. It pairs a gasoline-powered V8 with a hybrid drive unit derived from the Formula One racing program -- an approach that delivers more than 800 horsepower, underscoring AMG’s high-performance roots. AMG also is developing a two-seat supercar called the Project One, and is considering a plug-in hybrid version of the AMG 63 coupe and other models.Turbulent TimesDaimler’s main carmaking unit faced a turbulent 2019 that saw record global deliveries while profit margins were squeezed and regulatory costs rose. In its latest profit warning, the company said Wednesday that legal expenses related to diesel cheating allegations also hurt last year’s results.Still, there was good news as Mercedes-Benz outsold archrival BMW AG for another year to keep the luxury crown. Demand for upscale cars proved more resilient than the general market -- a trend Seeger expects to continue -- even as tariffs, Brexit and geopolitical tensions keep manufacturers on high alert.“It’s becoming increasingly difficult to make concrete forecasts,” Seeger said. “I remain optimistic because demand for individual mobility and wealth creation in major markets continues to grow.”Like other European automakers facing tighter emissions rules, Daimler has pressed forward with plans to introduce a slew of fully electric cars. Last year it rolled out the EQC SUV, a competitor to Tesla’s Model X. The fully electric EQS concept shown in September, a sibling of the flagship S-Class sedan, will serve as a basis for more purely battery-powered luxury cars as Daimler aims to offer more than 10 fully electric models by 2022.“Demand for the EQC is high and customer feedback is very positive,” Seeger said.Mercedes-Benz plans to produce around 50,000 EQC cars this year, a Daimler spokesman said in a statement late Thursday. He said the target remains unchanged, dismissing a media report that said the goal has been lowered due to battery supply bottlenecks. In December, Daimler delayed the EQC’s U.S. launch to sell more cars in Europe, which would help meet fleet CO2 requirements in the region.Project OneFully electric AMGs may be considered at some point. For now, the unit will test the waters with the GT 4-Door and the plug-in Project One, planned for 2021. That car will supplement a 1.6 liter V6 engine with four electric motors, propelling it to 200 kilometers per hour (124 mph) in less than six seconds. Electric mode lasts for just 25 kilometers. For the C63 and other models, plans are still fluid.While the global light-vehicle market is forecast to shrink for a second straight year, according to Moody’s, prospects look more encouraging in the premium-car segment, where buyers are less price sensitive. Still, profit margins from hybrid and electric cars are lower than for traditional vehicles.Maintaining the price discipline to avoid steep discounts will be critical for Mercedes-Benz to protect returns.“It’s very important that we ensure profitable growth, not only chase volume,” Seeger said.(Adds comments on EQC demand in 11th paragraph)To contact the reporter on this story: Christoph Rauwald in Frankfurt at crauwald@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Frank ConnellyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Daimler to build 50,000 Mercedes EQC models this year
    Reuters

    Daimler to build 50,000 Mercedes EQC models this year

    Daimler on Thursday said it plans to build 50,000 Mercedes EQC electric cars this year, denying a report in Manager Magazin which claimed it had been forced to pare back its 2020 production targets due to battery supply problems. Manager Magazin said Mercedes had slashed its production target to 30,000 from about 60,000 because of a shortage of battery cells from LG Chem .

  • Reuters

    DAVOS-Trump threatens big tariffs on car imports from EU

    U.S. President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn't agree to a trade deal. Trump has previously made threats to place duties on European automobile imports, with the intent of receiving better terms in the U.S.-Europe trade relationship. Trump has delayed imposing the tariffs a number of times.

  • 2020 to be a Crucial Year for EVs: Models to Watch Out for
    Zacks

    2020 to be a Crucial Year for EVs: Models to Watch Out for

    The EV momentum is expected to reach a new level in 2020 with various attractive, long-range and affordable vehicles coming up this year.

  • Daimler reports its profit is down — by half
    Autoblog

    Daimler reports its profit is down — by half

    Daimler warned its earnings halved in 2019 and it faced further charges of up to 1.5 billion euros ($1.7 billion) related to diesel pollution, in the latest blow to the German luxury carmaker. The profit downgrade, blamed on restructuring costs at the company's vans and mobility services divisions, is the third under new CEO Ola Kaellenius and the fifth in 19 months. Daimler announced preliminary 2019 results ahead of their full release on Feb. 11, saying earnings before interest and tax (EBIT) were expected to tumble to 5.6 billion euros ($6.2 billion) from 11.1 billion euros ($12.3 billion) in 2018.

  • Daimler Bears Cost of Hardball Diesel-Allegations Response
    Bloomberg

    Daimler Bears Cost of Hardball Diesel-Allegations Response

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Daimler AG’s hard-nosed strategy to fight off diesel-cheating allegations is proving to be costly.More than four years after German rival Volkswagen AG admitted to rigging emissions tests, the maker of Mercedes-Benz cars denies it too used illegal defeat devices. Regulators and consumers aren’t convinced, and the expense of defending the allegations is mounting.Daimler said Wednesday that it will set aside between 1.1 billion euros ($1.2 billion) and 1.5 billion euros in legal and government costs, in addition to struggles that halved 2019 profits and pushed results below expectations.The company has had to recall at least 774,000 diesel cars in Germany, after insisting for years its engines comply with emission rules. The costs squeezed returns at the main Mercedes-Benz car unit and drove the smaller vans division to a significant loss.Daimler’s third profit warning in less than 9 months offers a fresh reminder that the woes embroiling the world’s best-selling luxury-car maker and biggest truck manufacturer are largely rooted in homegrown problems, rather than broader industry headwinds. While trade tensions, tariffs and a general automotive slowdown have hurt results, the legal costs are rising and production hiccups affected key sport-utility vehicles last year.“What’s truly remarkable is the fact that Chief Executive Officer Ola Kaellenius hasn’t taken more action with respect to his divisional leadership teams,” Evercore ISI analyst Arndt Ellinghorst said in a note. “Broadly speaking, the same people are in charge.”Daimler shares were down 1.5% as of 1:46 p.m. in Frankfurt.Group earnings before interest and taxes fell to 5.6 billion euros for the year, the German manufacturer said in a statement. Profit at Mercedes-Benz cars roughly halved to 3.7 billion euros, as the operating return on sales eroded to 4% from 7.8% in the previous year. The Stuttgart-based manufacturer retained its luxury-car lead over BMW AG, but margins slumped below the level of French mass-market manufacturer PSA Group.The van unit swung to a 2.4 billion-euro loss from 300 million euros in profit the prior year. The division has been hard-hit by the diesel-engine recalls, and costs for culling production of the Mercedes-Benz X-Class pickup truck in South America added to the pain.The company may reduce its dividend by more than half to 1.60 euros per share this year, said Tom Narayan, an analyst at RBC Europe. “We do not believe Daimler faces a liquidity risk even with increased one-time provisions,” he said in a note.Kallenius has embarked on a major restructuring since taking over as CEO last May. The company plans to shed more than 10,000 jobs worldwide to save about 1.4 billion euros in personnel costs alone.It hasn’t specified the overall cost-savings targeted, and has stated a labor deal remains in place that rules out forced layoffs among its domestic German workforce.(Adds analyst comment in sixth paragraph)To contact the reporter on this story: Christoph Rauwald in Frankfurt at crauwald@bloomberg.netTo contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Barrons.com

    Daimler Stock Slides as Profits Halve and Diesel Scandal Rolls On

    Daimler stock slipped on Wednesday as the German car giant said profits halved in 2019 and warned it would be hit by further costs of up to €1.5 billion related to diesel vehicles.

  • Reuters

    Trump says middle class tax cut to be announced over next 90 days- Fox Business

    U.S. President Donald Trump said on Wednesday a tax cut for the middle class would be announced over the next 90 days. "We are going to be doing a middle class tax cut, a very big one," Trump told Fox Business in an interview https://www.foxbusiness.com/politics/trump-says-tax-cuts-health-care-and-trade-deals-are-ahead. Trump also threatened of imposing 25% tariffs on cars from the European Union, if a deal was not struck.

  • Financial Times

    Daimler warns of €1.5bn diesel scandal profit hit

    Daimler warned that 2019 profits would be hit by up to €1.5bn in litigation costs related to the diesel emissions scandal, the latest blow to the struggling carmaker’s efforts to fund its electric shift. The downbeat results will add to pressure on Berlin to safeguard jobs in Germany’s struggling car industry.

  • Daimler 2019 earnings sink and automaker sees diesel-related expenses
    MarketWatch

    Daimler 2019 earnings sink and automaker sees diesel-related expenses

    Group earnings before interest and taxes were EUR5.6 billion in 2019 compared with EUR11.1 billion a year earlier, the German premium car maker said. Figures are preliminary.

  • Daimler profits halve on diesel and restructuring charges
    Reuters

    Daimler profits halve on diesel and restructuring charges

    Daimler warned its earnings halved in 2019 and it faced further charges of up to 1.5 billion euros ($1.7 billion)related to diesel pollution, in the latest blow to the German luxury carmaker. The profit downgrade, blamed on restructuring costs at the company's vans and mobility services divisions, is the third under new CEO Ola Kaellenius and the fifth in 19 months. Daimler announced preliminary 2019 results ahead of their full release on Feb. 11, saying earnings before interest and tax (EBIT) were expected to tumble to 5.6 billion euros ($6.2 billion) from 11.1 billion euros in 2018.

  • China’s BAIC Mulls Raising Daimler Stake to Almost 10%
    Bloomberg

    China’s BAIC Mulls Raising Daimler Stake to Almost 10%

    (Bloomberg) -- Daimler AG’s chief executive officer and BAIC Group’s chairman plan to meet Wednesday in Beijing, possibly to discuss an expansion of their Chinese joint venture and deeper ties between the carmakers, according to people familiar with the matter.One scenario is for the maker of Mercedes-Benz cars to increase its stake in their existing venture to a majority holding, said the people, who asked not to be identified discussing confidential deliberations.A deal would boost Mercedes-Benz’s presence in its largest market, a move that would be similar to one made a year ago by luxury competitor BMW AG with its local partner Brilliance China Automotive Holdings Ltd.. Successful cooperation with Daimler is also critical for BAIC, whose domestic brand and separate venture with Hyundai Motor Co. have been hard hit by the Chinese market’s decline.Representatives for the companies declined to comment on the meeting between Daimler’s Ola Kallenius and BAIC’s Xu Heyi. An agreement may not be reached at the meeting due to the complex nature of any possible deal, the people said.BAIC, a state-owned company controlled by the Beijing municipal government, has separately been said to be preparing to lift its stake in Daimler to as high as 9.9% from 5% to be on par with Chinese rival Zhejiang Geely Holding Group Co. Geely, owned by billionaire Li Shufu, bought its stake in 2018, becoming the German luxury-car maker’s biggest shareholder.A move by BAIC to raise its holding in Daimler could open the door for the German company to boost its 49% stake in their main Chinese joint venture. Bloomberg News reported in December, 2018 on the possibility of Daimler holding at least 65%.Read more: China’s BAIC Is Said to Mull Raising Daimler Stake to Almost 10%For Daimler’s new management team, balancing the interests of two competing Chinese shareholders is adding another layer of complexity to an already difficult task of cutting costs at domestic operations to restore squeezed returns. The company has mapped out plans to shed more than 10,000 jobs to save about 1.4 billion euros ($1.6 billion) in personnel costs alone.\--With assistance from Tian Ying.To contact Bloomberg News staff for this story: Haze Fan in Beijing at hfan40@bloomberg.net;Christoph Rauwald in Frankfurt at crauwald@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Tara PatelFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bloomberg

    Daimler, BAIC Top Brass Are Said to Meet on Possible Deeper Ties

    (Bloomberg) -- Daimler AG’s chief executive officer and BAIC Group’s chairman plan to meet Wednesday in Beijing, possibly to discuss an expansion of their Chinese joint venture and deeper ties between the carmakers, according to people familiar with the matter.One scenario is for the maker of Mercedes-Benz cars to increase its stake in their existing venture to a majority holding, said the people, who asked not to be identified discussing confidential deliberations.A deal would boost Mercedes-Benz’s presence in its largest market, a move that would be similar to one made a year ago by luxury competitor BMW AG with its local partner Brilliance China Automotive Holdings Ltd.. Successful cooperation with Daimler is also critical for BAIC, whose domestic brand and separate venture with Hyundai Motor Co. have been hard hit by the Chinese market’s decline.Representatives for the companies declined to comment on the meeting between Daimler’s Ola Kallenius and BAIC’s Xu Heyi. An agreement may not be reached at the meeting due to the complex nature of any possible deal, the people said.BAIC, a state-owned company controlled by the Beijing municipal government, has separately been said to be preparing to lift its stake in Daimler to as high as 9.9% from 5% to be on par with Chinese rival Zhejiang Geely Holding Group Co. Geely, owned by billionaire Li Shufu, bought its stake in 2018, becoming the German luxury-car maker’s biggest shareholder.A move by BAIC to raise its holding in Daimler could open the door for the German company to boost its 49% stake in their main Chinese joint venture. Bloomberg News reported in December, 2018 on the possibility of Daimler holding at least 65%.Read more: China’s BAIC Is Said to Mull Raising Daimler Stake to Almost 10%For Daimler’s new management team, balancing the interests of two competing Chinese shareholders is adding another layer of complexity to an already difficult task of cutting costs at domestic operations to restore squeezed returns. The company has mapped out plans to shed more than 10,000 jobs to save about 1.4 billion euros ($1.6 billion) in personnel costs alone.\--With assistance from Tian Ying.To contact Bloomberg News staff for this story: Haze Fan in Beijing at hfan40@bloomberg.net;Christoph Rauwald in Frankfurt at crauwald@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Tara PatelFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Tesla stock rally ‘extremely unusual,’ analyst says
    MarketWatch

    Tesla stock rally ‘extremely unusual,’ analyst says

    Tesla shares resume their rally on Tuesday with the company pushing back against “unintended acceleration” safety allegations.

  • Tesla (TSLA) to Build 300-Hectare European Factory in Berlin
    Zacks

    Tesla (TSLA) to Build 300-Hectare European Factory in Berlin

    Tesla's (TSLA) first European factory in Berlin to include an engineering and design center, which will be used to manufacture cars, batteries and powertrains.

  • Trump tells Davos that U.S. economic revival is ‘spectacular’
    MarketWatch

    Trump tells Davos that U.S. economic revival is ‘spectacular’

    President Donald Trump sought Tuesday to sell the United States to the global business community, telling an economic conference in the Swiss Alps that America’s economic turnaround has been “nothing short of spectacular.”

  • Infiniti delays fastback-like QX55 crossover until late 2020
    Autoblog

    Infiniti delays fastback-like QX55 crossover until late 2020

    Infiniti confirmed it has delayed QX55 production by about five months. It explained it needs to "ensure production capability" at the Aguascalientes, Mexico, facility that will manufacture the model. It didn't provide additional details, though a spokesperson confirmed the new timeline to Automotive News.

  • Inside Tesla’s Attack on Germany’s Auto Establishment
    Bloomberg

    Inside Tesla’s Attack on Germany’s Auto Establishment

    (Bloomberg) -- German rangers stand guard to shoo away visitors from a nondescript stretch of forest near Berlin, where a sign nearby warns of “Lebensgefahr” (mortal danger).The precautions are part of the frantic activity underway to set up Tesla Inc.’s latest assembly plant, Elon Musk’s most daring attack on the German auto establishment. Workers wielding metal detectors have started combing through an area covering some 200 football fields to search for errant ammunition lurking beneath the sandy surface of tiny Gruenheide.It’s the first stage to prepare a site that could churn out as many as 500,000 cars a year, employ 12,000 people and pose a serious challenge to Volkswagen AG, Daimler AG and BMW AG. Once deemed free of World War II explosives, harvesters and trucks will roll in to clear thousands of trees in the first stage of development. The work needs to be done by the end of February to meet Tesla’s aggressive timetable. The project represents a second chance for the quiet town, nestled between two lakes on the edge of a nature reserve southeast of Berlin.Gruenheide lost out on a similar factory two decades ago, when BMW opted for Leipzig. That missed opportunity helped town officials to move quickly when Tesla expressed interest in building its first European factory in Germany, with a plot set aside for industrial use and offering easy access to the Autobahn and rail lines.Read More: Elon Musk’s German Factory Started With Love Letter From Berlin“The investment is a unique opportunity,” Mayor Arne Christiani said in his office, where a map of the Tesla project hangs on the wall. “It gives young people with a good education or a university degree the possibility to stay in our region—an option that didn’t exist in past years.”If it clears Germany’s red tape, the plant will make batteries, powertrains and vehicles, including the Model Y crossover, the Model 3 sedan and any future cars, according to company filings. The factory hall will include a pressing plant, paint shop and seat manufacturing in a building that will be 744 meters (2,440 feet) long—nearly triple the length of the Titanic. There’s space for four such facilities.Musk is taking his fight for the future of transport into the heartland of the combustion engine, where the established players long laughed off Tesla as an upstart on feeble financial footing that couldn’t compete with their rich engineering heritage. He casually dropped the news at an awards ceremony in Berlin in November, leaving the top brass of Germany’s car industry shell-shocked.“Elon Musk is going where his strongest competitors are, right into the heart of the global auto industry,” said Juergen Pieper, a Frankfurt-based analyst with Bankhaus Metzler. “No other foreign carmaker has done that in decades given Germany’s high wages, powerful unions and high taxes.”Building a factory in Europe’s largest car market is a major test of Musk’s global ambitions. Demand in the region is flat, and buyers are more loyal to local brands. Meanwhile, labor costs in Germany’s auto sector are 50% higher than in the U.S. and five times what they are in Poland, just an hour’s drive away from Gruenheide.Gruenheide TimelineEnd February: Finish tree logging before migrant birds nest March 5: Deadline for comments from nearby residents March 18: Public meeting to discuss the project Mid-2020: Construction expected to begin July 2021: Targeted start of productionOn the positive side, electric cars require less labor to build, and Germany has a deep reserve of auto experts. The location also offers the soft-power advantage of proximity to the country’s leaders.Under pressure for being slow to pick up on the electric-car shift, Chancellor Angela Merkel’s government extended a welcoming hand to Musk. Economy Minister Peter Altmaier offered to try to ease regulatory hurdles that may snag construction. “There’s a lot at stake” in Tesla’s plan, he said soon after the project was announced.Musk’s incursion comes at a strategically opportune time. Riding a wave of optimism after successfully starting deliveries of its China-built Model 3 sedans a year after breaking ground on a factory there, Tesla’s stock has doubled in the past three months.Meanwhile, German peers are struggling with the costly shift away from combustion engines. Volkswagen and Mercedes-Benz parent Daimler announced thousands of job cuts last year, when German car production fell to its lowest level in almost a quarter of a century. For Gruenheide, the planned investment has suddenly transformed the town of 8,700 people into a sought-after location. Local officials receive development proposals on a daily basis: anything from 22-story apartment towers to U.S.-style shopping malls, said Christiani, who hopes the plant will help unlock financing for public transport, schools and medical facilities.In the town hall, five thick binders are available for locals to peruse the project’s details, including 463 trucks expected to roll into the plant each day, a rail spur for train deliveries and an on-site fire brigade.Tesla still has to jump through a number of hoops. Residents have the chance to raise objections, and some have bemoaned that they’ve seen little from the company since its blockbuster announcement. Meanwhile, the local water utility warned it won’t be able to supply the site in time and raised concerns over its location in a zone meant to help protect drinking water supplies.And then the company has to carry out initiatives to protect wildlife—including scaring off any wolves in the area, relocating hibernating bats and removing lizards and snakes until construction is finished. The U.S. carmaker also has to replace felled trees.The mayor expects these hurdles to be cleared so that the first made-in-Gruenheide Teslas can roll out in July 2021.“The forest is classified as a harvest-ready, inferior pine forest,” Christiani said. “It was never supposed to be a rain forest.”—With assistance from Hayley Warren  (Adds criticism from water utility in 17th paragraph.)To contact the author of this story: Stefan Nicola in Berlin at snicola2@bloomberg.netTo contact the editor responsible for this story: Chris Reiter at creiter2@bloomberg.net, Craig TrudellChad ThomasFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Financial Times

    Toyota makes big bet on flying taxi company Joby

    start-up that aims to launch services as soon as 2023, leading a $590m funding round for California-based Joby Aviation. The new funding takes the total Joby has raised to $720m, according to a person familiar with the deals, who claimed it as the “most well-funded air taxi company” to date. , a German rival backed by Mercedes-Benz parent Daimler, has raised €81m and hopes to launch commercial services in Singapore by 2022.

  • Stocks: DAX highs, Daimler slows
    Reuters Videos

    Stocks: DAX highs, Daimler slows

    As China endeavors to contain the spread of the coronavirus, share markets were endeavoring to contain their nerves over the outbreak ... And on Wednesday were largely succeeding. Following through on a positive session in Asia, most of Europe's bourses edged into the black - the DAX in Germany even managing a new record high. Earnings and earnings outlooks provided extra focus. Gains in software maker SAP were the main boost to Frankfurt's shares after a strong outlook from IBM. Airbus rose to record highs, after Boeing warned of new issues with its 737 MAX. There were disappointments. Despite its Hong Kong sales halving last year, Burberry raised full-year forecasts - but the British luxury label still saw its shares slide over 2 per cent anyway. And back in Germany, Daimler slipped after issuing its third profit warning for 2019 - dieselgate, the costly shift to electric and production issues all weighing on earnings. Hyundai by contrast was upbeat. SUV sales helped power the Korean car maker to its best quarterly operating profit in over two years. That news triggering an eight per cent surge in its share price, by the market close.