Daimler net soars, but auto results disappoint
Article Abstract:
DaimlerChrysler AG of Germany posted a soaring fourth quarter net income rise by 84 percent to 966 million Euros ($1.15 billion) from 526 million Euros last year. Revenue increases are due to high performance in the financial services sector and some divestments. However, the Chrysler and Mercedes automobile businesses reported weak results.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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Daimler's move away from the mass market helps lift outlook
Article Abstract:
Third-quarter net loss was posted by German auto maker Daimler AG, totaling $2.14 bil, due primarily to a charge linked to the reducing of its stake in its US-based Chrysler unit to 19%. By focusing on the premium auto market, Daimler expects to improve significantly on its 2007 sales and earnings.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Daimler scores profit on its own
Article Abstract:
Fourth-quarter net profit for German firm Daimler AG reached 1.69 bil euro, with earnings before taxes and interest increasing by 74% to 8.7 bil euro for the full year of 2007. Full-year net profit increased 5% to 3.98 bil euro, while revenue reached 99.39 bil euro.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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