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 ...
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