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  • Rank23
  • Previous Rank21
  • CEO
    Dieter Zetsche
  • Employees275,087
  • Website
    www.daimler.com

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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Key Financials

$ Millions% change
Revenues146,886.3-0.8
Profits7,832.9-0.6
Assets214,837.5-