Rank: 23
Previous rank: 21
CEO: Dieter Zetsche
Employees: 275,087
Previous rank: 21
CEO: Dieter Zetsche
Employees: 275,087
The maker of Mercedes Benz is trying to power
through Europe's financial woes. Flat profits for 2012 were followed by a
disastrous first quarter when the German luxury automaker posted a 60%
drop in net income and lowered its 2013 forecast. Chief Dieter Zetsche
expects results to improve later this year as a massive cost-cutting
effort lifts Daimler's bottom line. A revamped flagship Mercedes S-Class
hits U.S. showrooms this fall, but it faces stiff competition from
market leader BMW and a newly revived Audi.
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