Leading position in the luxury auto segment. Broad geographic and product diversity. Historically strong and successful product range. Good financial flexibility. Highly volatile demand. High operational gearing. Stringent environmental requirements. The ratings on Germany-based automaker Daimler AG reflect the group's satisfactory business risk profile and intermediate financial risk profile. The ratings are supported by the strong competitive position of the group's Mercedes-Benz Cars (MBC) division, which enjoys a leading share of the global luxury vehicle market; the broad product and geographic scope of the group's operations; and the group's good financial flexibility. They are supported by the market position and strength of the commercial vehicles unit, which benefits from the geographic diversity of its sales and broadly diversified production. The
