Brand News, Concepts, Rumors and Future Models Got a tip on a new Mercedes coming along? We want to know.

DCX Makes Quick Buck By Selling Stuttgart Hq!

  #1  
Old 11-14-2006, 06:46 AM
Thread Starter
Join Date: Jun 2005
Location: Tallahassee, Florida but missing Fort Myers
Posts: 112
Default DCX Makes Quick Buck By Selling Stuttgart Hq!



We had always operated under the assumption that there's no quick way to make a buck in the auto business. Turns out we were wrong, as DaimlerChrysler has just sold its headquarters in Stuttgart for $308.8 million in cash to IXIS Capital Partners Ltd. Don't fret, the building's new owners won't be kicking DCX to the curb, as the automaker simultaneously signed a 15-year lease to stay on the premises. The money from the sale will boost the automaker's operating profit by $22.9 million this year, as DCX is required to report income over the duration of the lease. It's perhaps the fastest $380 million profit we've ever seen a carmaker turn, and the most creative. Chances are that if DCX is doing well in 2021, the automaker will buy its HQ right back.

[Source: Automotive News]
 
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Gypsy
New Mercedes Benz Forum Members Area
1
08-03-2007 04:54 PM
AAR
Brand News, Concepts, Rumors and Future Models
3
06-25-2006 04:02 PM
MidnightBlueNeon
Brand News, Concepts, Rumors and Future Models
0
02-22-2006 09:05 AM
MidnightBlueNeon
Brand News, Concepts, Rumors and Future Models
0
02-22-2006 08:26 AM
MidnightBlueNeon
Brand News, Concepts, Rumors and Future Models
0
02-22-2006 08:17 AM


Thread Tools
Search this Thread
Quick Reply: DCX Makes Quick Buck By Selling Stuttgart Hq!


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.