DaimlerChrysler AG says first-quarter net income fell 30% to $374 million, while overall operating profits plummeted 59% to $814 million as a result of restructuring costs at its ailing Smart GmbH unit and recall expenses for Mercedes-Benz. Smart's restructuring placed a negative drag of $1.04 billion on DC's Q1 balance sheet, with a $568 million charge taken for production facility realignments and another $198 million for cancellation of supplier contracts for the now defunct Smart SUV ...

Premium Content (PAID Subscription Required)

"Mercedes, Smart Drag DC Q1 Profits Down" 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!

For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.