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)
"Printer-friendly" 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- andheavy-duty truck volumes
•Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
LisaWilliamson by email: firstname.lastname@example.org or phone: (248) 799-2642