“Demand for our products is currently developing very positively and global markets are recovering gradually," Dieter Zetsche, Daimler chairman was quoted as saying by the source. “This requires a corresponding adjustment of capacity.”
The production cut was announced by Daimler in April 2009 and was meant to reduce the manufacturer's labor spending by 2 billion euros. Until June, only three plants will operate on a reduced schedule, namely Kassel, Mannheim and Berlin.
Recently, Daimler raised its EBIT estimate to 4 billion euros, is bigger even than the estimate made by Daimler on April 19, when it said it expects an EBIT of 2,5 to 3 billion euros.
The very optimistic outlook for Mercedes-Benz Cars comes from the projected sales of the new E-Klasse models. The addition of the SLS AMG, the R-Klasse and CL-Klasse are also expected to chip in.
"The very positive earnings development is reflected by ongoing upward trends in nearly all divisions. Mercedes-Benz Cars in particular posted significantly positive earnings for the first quarter of 2010, due to increased unit sales in the E-Klasse and S-Klasse segments," Daimler says.