Major manufacturers are confident they have weathered the worst of the recession after the recent release of updated sales, production and profit figures.
Mercedes-Benz's parent firm Daimler posted of a loss of more than a billion euros in the second quarter of 2009 before taxes, but this result was better than expected.
Mercedes expects to see a return to profit in 2010; this process should be helped by sales of the new E-class which went on sale earlier this year.
Nissan’s figures were for the first quarter of the fiscal year (1 April–30 June) and its profits were down by 120 million euros. Global sales were down 22.8 per cent on the same period last year, but CEO Carlos Ghosn still predicted a bright future.
“2009 continues to be a tough year, but we are beginning to see positive results from the measures taken under our recovery plan,” he said.
“Despite the global financial and economic crisis, Nissan is poised to embark on a new chapter of growth and innovation. In August, we will move to our new Nissan global headquarters in Yokohama after more than 40 years, celebrating our company’s return to its birthplace.