Mercedes Bearish on 2012 Profits Due to Europe and China
"The overall environment in Europe is deteriorating, with more negative developments than expected," Zetsche said, according to Autonews. "There is also significantly sharpening competition in China."
Overall, Daimler is expected to keep its earnings before interest at about the same level as last year due to the strength of its other businesses.
With a new S-Class, C-Class, compact sedan and refreshed E-Class, maybe next year will be more profitable for the three-pointed star brand.