Alright, thanks.
Bodo Uebber
So, sorry for that but I do think in the crisis, where we shooted for counter measure, of course, some of the disclosures so to say is also let say, so to say not easy but I do think at the end what counts that we as Daimler are now positive so that cause is positive, I do think that is than the main results.
Jochen Gehrke - Analyst
Alright. Thank you.
Michael Muhlbaye
Okay. We take the next questions from Christian Breitsprecher
Christian Breitsprecher - Analyst
Yes, good afternoon it''s Christian Breitsprecher. I have two questions. One on the financial results when you show a significant negative financial result and no real improvement there despite the fact that your liquidity position has improved again significantly. You have an industrial net liquidity position but a significant negative financial results. So, could you explain a little bit what''s going on there? And secondly, on the cost savings, you said that your cost savings are also helping in 2010. Could you give us a number what we will have as an incremental positive effect from these cost savings measures in 2010?
Bodo Uebber
Christian, for the first question, of course, the interest income there are two effects, one is from the pension side because we have included in the EBIT the service cost and not the interest cost is roughly 70 million away from the EBIT to the net profit. The other one is the interest income which is then the remaining is 140 million this reflects right now the high liquidity position in this regard because of course you know that a debt has a higher interest rate than you can -- where you can invest on the invest side of course, the interest rates are very low and we are maybe too conservative but, of course, we don''t give one bank all the money. So to say, so, we spread it of course over many banks and of course, we have it more short-term than long-term in this regard because of -- liquidity position. Therefore we have this effect in the -- let''s say the outlook for 2010 will be that we will reduce gross liquidity and we -- let''s say, in the second to third quarter we will achieve our -- end of the second quarter, beginning of the third quarter, we will achieve our target profile again.
Of course it is not very difficult to achieve in this way because we will be less on the bond side so to say and therefore the gross liquidity will get down at the end of the day but as long as we have this position, of course, we have a burden on the interest side.
The cost savings questions of 2010, of course, we have said that in the 4 billion basket and of course, it will be somewhat more we have targeted also for one time savings, no doubt, everything which counted we took. Therefore, the name of the game will be how do we substitute with ongoing efficiency measures these kind of one time effects. Of course that is what we are looking into for 2010.
Our overall target, of course, is that we can even further increase our measures compared to this year. How much it will be of course we will might tell you that in February of next year but we are currently in the discussion of these kind of targets for 2010 and give me your some time to give you more information on that but clearly we need to shoot at the end of the day for more efficiencies than we had this year.
Christian Breitsprecher - Analyst
Okay. Thank you.
Michael Muhlbaye
Next in line is Adam Jonas.
Adam Jonas - Morgan Stanley
Hi, thanks. It''s Adam Jonas from Morgan Stanley. I have three quick questions for you. First on Russia, you mentioned that you saw early indicators of recovery. Love it if you could mention what some of those indicators are because we are not seeing them. Second, profit from, it was a question on profit that you might have on improved residual values of off lease vehicles or maybe you could answer that from the scope of the 449 million charges you took last year, related to residuals, how is that coming back in the profitability? For example, has Mercedes'' third quarter profit reflected some of that that improvement in the off lease vehicle or has it been unaffected from that, has the profit been felt elsewhere?
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