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STOCK MARKET VIEW
Mercedes star light brighter than first feared
Investors take second look at Mercedes and like what they see
Published: Tue, 04 June 2013 19:34:32 GMT
 

Mercedes-Benz 2014MY sunset

Share price jump adds €11 billion in value - S-Class imminence excites, while A-Class ends small car woes

Mercedes-Benz profits more than halved in the first quarter and it withdrew its forecast for the year, but investors are coming to the conclusion that the company is now on the right track in the battle against Audi and BMW.

Parent company Daimler’s share price zoomed from just under €40 in late April to just over €50 at the end of May, raising the company’s market valuation by around €11 billion, as investors relished the prospects of improved profit margins from new cars like the revamped E-Class, the upcoming new S-Class, and the new C-Class in 2014
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