Daimler AG closes the books on a money-losing year as its management board recommends the auto maker refrain from paying dividends for the first time since 1995. Daimler today reports a net fourth-quarter loss of €352 million ($480 million), which contributed to a full-year loss of €2.6 billion ($3.5 billion) for a swing of €3 billion ($4 billion) compared with 2008’s net profit of €1.4 billion ($1.9 billion). Executives blame the dismal performance on the slumping sales climate created ...
Premium Content (PAID Subscription Required)
"Zetsche Promises Rebound as Daimler Shareholders Blanked for 2009" 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.