FRANKFURT, July 30 (Reuters) - Deutsche Bank reduced its stake in carmaker DaimlerChrysler to 10.4 percent from 11.5 percent during the second quarter, the German financial services group said on Friday. The transaction had scant impact on after-tax earnings, however, because the book gain was more or less absorbed by taxes, it added. Deutsche Chief Executive Josef Ackermann has made divesting non-core stakes a priority for the bank, and the Daimler shares mark one of Deutsche's last big ...
Premium Content (PAID Subscription Required)
"Deutsche Bank stake in DaimlerChrysler slips" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.