Examples of Daimler Group in a sentence
In addition, the relevant requirements of the Daimler Group apply.
Related party relationshipsRelated parties are deemed to be associated companies, joint ventures and unconsolidated subsidiaries, as well as persons who exercise a significant influence on the financial and business policy of the Daimler Group.
Related party relationshipsRelated parties are deemed to be associated companies, joint ventures, joint operations and unconsolidated subsidiaries,as well as persons who exercise a significant influence on the financial and business policy of the Daimler Group.
Assets and liabilities held for saleIn March 2018, the Daimler Group and the BMW Group signedan agreement to merge their business units for mobility services.The partners intend to offer their customers a holistic eco-system of intelligent, seamlessly connected mobility services,available at the tap of a finger.
At the Daimler Group, those persons are the members of the Boardof Management and of the Supervisory Board.Most of the goods and services supplied within the ordinary course of business between the Group and related parties involve transactions with associated companies and joint venturesand are shown in table U E.33.
Mercedes-Benz Cars559,539597,253-6Daimler Trucks136,055126,558+8Mercedes-Benz Vans91,41493,106-2Daimler Buses7,7417,213+7 ProfitabilityThe Daimler Group achieved third-quarter EBIT of €2,488 million in 2018, which is significantly below its prior-year earnings(Q3 2017: €3,409 million).
The increase was primarily attributable to income of €718 million resulting from the merger of the business units for mobility services of Daimler Group and BMW Group in the first quarter of 2019.
Therefore the company’s exposure to credit risk is influenced mainly by the characteristics of Daimler Group related default risk.
Accordingly, the net assets of the Company are not subject to review for capital management, but rather are reviewed as part of the net assets of the DAG divisions to which Company net assets are allocated.The Company is part of the worldwide financial management that is performed for all Daimler Group entities by DAG’s Corporate Treasury.
Credit riskThe Company solely provides loans within the Daimler Group and to companies in which Daimler holds a minority share (Joint Ventures).