MUMBAI – DaimlerChrysler India doubled its sales to 1,400 cars and profits to $8 million in calendar year 2001, dropping its accumulated losses to $55 million. The DaimlerChrysler AG subsidiary lost half its equity capital in five years when its losses reached $71 million in 1999. Under Indian law, it then had to report to the Board for Industrial and Financial Reconstruction, which monitors financially distressed companies. Mercedes-Benz E-Class DC-India soon formulated ...
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