Despite a strong third quarter, German premium carmaker Daimler has lowered its full-year profit forecasts for 2016, with lower truck sales countering growing demand for its flagship Mercedes-Benz cars.
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For the July through September period, Daimler reported a surge in net profit by almost 13 percent on Friday, earning the German premium carmaker 2.7 billion euros ($2.9 billion) on sales of 39 billion euros.
Growth at Daimler was powered by the cars division, whose Mercedes and Smart brands saw 12 percent growth in sales. Chinese buyers were especially keen to get behind the wheel of a Mercedes, with unit sales increasing 20 percent there.
"Daimler remains on track to achieve our forecast for the full year, despite volatile sales and finance markets, the carmaker's finance chief Bodo Uebber said in the earnings report.
However, sales "in the magnitude of the previous year" means the company is less confident of achieving "a slight increase" it announced in July, when it released its second quarter results.
The announcement was a disappointment for investors, causing Daimler shares to slump by more than 3 percent in morning trading at the Frankfurt Stock Exchange on Friday.
Susan Joho, analyst with Julius Bär, said the car company had fulfilled high market expectations in the quarter. "But the future looks more sobering because Daimlers outlook is weak," she told the news agency Reuters.
German Future Prize 2016: the teams' inventions
The German Future Prize has declared the 2016 winner: It's carbon concrete. Other teams competed with a special cylinder coating for efficient car motors and laser high-beam headlights for cars.
Image: obs/Deutscher Zukunftspreis/Lukas Barth
A highly sought-after trophy
Since 1997, the German Future Prize nominates three teams per year for an inventors' award. But only one team was awarded this trophy on November 30th. It comes with 250,000 euros prize money ($264,000).
Image: Deutscher Zukunftspreis
The winner is team 1: High-Tech loom
This is a device for weaving fibres. But they are not common fibres. The carbon threads are supposed to be used as enforcement in buildings. It's no coincidence that the invention comes from Dresden University's Institute for Textile High Performance Material Technologies.
Image: Deutscher Zukunftspreis/Ansgar Pudenz
Steeled under red light
The carbon fabric is more flexible than traditional steel enforcement grates. Here the fibers are dried and welded together under red light. The reinforcing mats are high-strength quality.
Image: Deutscher Zukunftspreis/Ansgar Pudenz
Rolling it up
The fabric can contain fibers of different quality. Depending on the purpose and shape of the concrete, construction engineers can design the enforcement to exactly match their needs.
Image: Deutscher Zukunftspreis/Ansgar Pudenz
A very thin wall
Concrete walls with the new enforcement can be built to be just a few inches thin. This enables architects to design in a light style. Even furniture such as chairs, benches or tables can be made from carbon concrete.
Image: Deutscher Zukunftspreis/Ansgar Pudenz
Size comparison
The steel enforced concrete (left side) and the carbon concrete (right side) reach about the same strength. Carbon concrete enforcements have one huge advantage, though. If water seeps into the construction, carbon will not corrode and retains its stability. Bridges and other buildings are likely to last much longer.
Image: Deutscher Zukunftspreis/Ansgar Pudenz
And it's beautiful, too!
Who says concrete is ugly? An architect using carbon concrete might even go one step farther than in this example and just leave out the metal plating on the right side. Carbon concrete could thus lead to a revival of the architectural style of brutalism. The name derives from the French word for "raw concrete" ("béton brut") and describes buildings that do not hide what they are made of.
Image: Deutscher Zukunftspreis/Ansgar Pudenz
Team two: where nano particles come from
The inventors in the second team are using this special jet to apply a nano-particle coating to the interior surface of motor cylinders. The nanoscale surface creates microscopic reservoirs for lubricants, which enable the motor to run with almost no friction.
Image: Deutscher Zukunftspreis/Ansgar Pudenz
Evaporation within the electric arc
Two wires made out of an iron carbon alloy are used to generate an electric arc in the center of the motor's cylinder block. Tiny metal drops evaporate under a stream of nitrogen. The nanopraticles that emerge from the gas phase precipitate at the surface of the cylinder and form a solid film.
Image: Deutscher Zukunftspreis/Ansgar Pudenz
A clean solution
This is what a smooth motor cylinder looks like. The friction losses are low enough for the engine to save about three percent of fuel. The design and size of the motor can also be considerably smaller because additional construction elements aren't needed.
Image: Deutscher Zukunftspreis/Ansgar Pudenz
Team 3: Better light in the darkness
Researchers from BMW and Osram reinvented the car headlights. They are using laser as a light source. The problem: The laser is emitting blue light, but in order to see really well, humans need white light.
Image: Deutscher Zukunftspreis/Ansgar Pudenz
Blue becomes white
Special ceramics turn a part of the blue light into yellow light. Then the two light parts get mixed. The result: a pinpointed white light.
Image: Deutscher Zukunftspreis/Ansgar Pudenz
No blinding other drivers
This electronic device ensures that other drivers aren't being blinded by the bright high-beam lights. When other cars emerge in the light cone, the device dims the laser light. Pedestrians or deer, however, are out of look. The device doesn't recognize them, so they might have to squint.
Image: Deutscher Zukunftspreis/Ansgar Pudenz
Looking ahead, but how far?
The laser beam reaches up to 600 meters far. The inventors of this security feature made it safely to Berlin in a car like this. They did not win the prize. But we congratulate all three teams for their great inventions.
Image: Deutscher Zukunftspreis/Ansgar Pudenz
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Truck slump weighs
Daimler Chief Executive (CEO) Dieter Zetsche blamed "weakening demand in the largest markets for trucks" for the fall in confidence.
Trucks are an important division for the company, which holds the top spot worldwide in the sector with brands including Mercedes-Benz and Freightliner.
Lower demand in North America, Brazil, Turkey, the Middle East, and Indonesia saw the division's sales fall 19 percent as unit sales plunged by around 30,000 vehicles.
Beyond the languishing trucks businesses, Daimler like other carmakers faces upheaval as pressure to develop electric vehicles increases and new challengers like California's Tesla step onto the scene. In response, CEO Zetsche has committed the company to introduce at least 10 electric vehicles in the coming years.