« DaimlerChrysler Opens Ladson SC Sprinter Plant | Main | Kamaz, K-B to Establish Russian JV »

DaimlerChrysler Delays Q1 Results, Analysts Urge Volvo Stock Sale

DC - like Volvo - has decided to delay its Q1 results. The numbers will not now be released until after the shareholders AGM on April 4th, and are expected on May 15th.

The reason given for this change is a shift to international accounting standards. AB Volvo, conversely, chose to delay its results to bring them into line with those of Nissan Diesel.

Either way, from a truck perspective, not having numbers to hand should mean a bit less body armour is needed at the AGM. It's also possible that some decision as to the fate of Chrysler may have been taken in a couple of months - but unlikely - think late summer at the earliest. We, for that matter, stand by our view that this is one big wind-up on the part of DZ, and merely an opportunity to get the UAW to sing the right song. But we digress.

Any road up: Volvo chose to delay its results on Monday. On Tuesday, Goldman Sachs downgraded its stock from Buy to Neutral whereas Deutsche Bank went from Hold to Sell. On Tuesday, the day when DC announced a delay in its results, its stock was trading at €61.92 - a five year high.

What happens on Wednesday?

TrackBack

TrackBack URL for this entry:
http://www.roadtransport.com/cgi-bin/mt/mt-tb.cgi/5421

Post a comment

About

This page contains a single entry from the blog posted on March 27, 2007 8:13 PM.

The previous post in this blog was DaimlerChrysler Opens Ladson SC Sprinter Plant.

The next post in this blog is Kamaz, K-B to Establish Russian JV.

Many more can be found on the main index page or by looking through the archives.