Daimler takes euro 1.50 billion loss on Chrysler charges, lower sales - Mercedes Benz sales slump 22% - by Simon Kennedy
German car maker Daimler on Tuesday said it swung to a net loss of 1.53 billion euros ($1.93 billion) in the final quarter of 2008 after a sharp drop in sales at its Mercedes-Benz division and heavy losses linked to its stake in Chrysler. The car maker also slashed its dividend payout and offered a grim outlook for 2009. The group's loss followed a profit of 1.7 billion euros a year earlier, while revenue declined 12% to 23.24 billion euros.
No comments:
Post a Comment