DaimlerChrysler Profit Falls 14 Percent
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FRANKFURT, Germany -- Automaker DaimlerChrysler AG said Wednesday that its second-quarter profit fell 14 percent, even as the Chrysler division and financial services business that it has sold to a private equity group posted better results.
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General Motors Corp., the world's biggest automaker, said Wednesday its net income fell 37 percent in the fourth quarter, led downward in part by continued struggles at its European operations. But the results beat Wall Street expectations and its shares rose nearly 2 percent.
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DaimlerChrysler AG reported third quarter profits of almost 1 billion euros on Thursday, rebounding from a year-earlier loss, thanks to a strong performance from a Chrysler division rejuvenated by new models like the 300C sedan and Dodge Magnum wagon.
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DaimlerChrysler's (DCXGn.DE)  market-leading trucks business will make an operating profit  this year despite a sharp U.S. market contraction, division  head Andreas Renschler told reporters on Friday.
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An earnings stumble at  DaimlerChrysler's Mercedes flagship tarnished higher profits at  the world's fifth-biggest automaker on Thursday and stoked  questions about the loss-making Smart compact's future.
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DaimlerChrysler AG, the world&#39;s fifth- biggest carmaker, reported a third-quarter profit as Chrysler&#39;s US sales rose. Volkswagen AG&#39;s earnings fell a seventh quarter in a row on higher sales incentives while Fiat SpA&#39;s loss widened.
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German-US auto maker DaimlerChrysler reported a fall in sales by its up-market Mercedes-Benz car unit in February because of weakness in its ultra-compact Smart car division.
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DaimlerChrysler AG said Thursday it earned euro1.0 billion (&#36;1.27 billion) in the third quarter on good performances from its commercial vehicles division and its U.S. Chrysler arm, rebounding from a large loss a year ago.
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SINDELFINGEN, Germany  - DaimlerChrysler reported  fourth-quarter results far short of expectations on Thursday,  hit by a collapse in profits at the Mercedes Car Group luxury  division.
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Chrysler Group, the embattled U.S. unit of DaimlerChrysler AG , reported an 8 percent drop in February sales on Thursday, becoming the last of the Detroit automakers to confirm weaker results for the month.
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German carmaker Daimler AG generated third-quarter earnings before interest and tax (EBIT) of 1.89 billion euros ($2.69 billion), just ahead of market expectations, as profits continued to rebound at its Mercedes-Benz Cars division.
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Automaker Volkswagen on Thursday reported a steep drop in net profit in the first nine months of the year, blaming tough economic conditions and fiercely competitive markets.
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DaimlerChrysler reported fourth-quarter results which fell far short of expectations on Thursday, hit by a collapse in profits at the Mercedes Car Group luxury division.
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General Motors Corp. GM.N on  Wednesday said its earnings fell 37 percent due to growing U.S.  health-care costs and bigger losses from its European  automotive operations.
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General Motors Corp., the world's biggest automaker, said Wednesday its net income fell 37 percent in the fourth quarter, led downward in part by continued struggles at its European operations.
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DaimlerChrysler AG (DCXGn.DE) on  Thursday said U.S. vehicle sales fell 8 percent in February.
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DaimlerChrysler AG posted a $1.18 billion profit for the third quarter as sales climbed 2 percent to $43.1 billion. However, the German-American automaker also disclosed that the Mercedes-Benz Group faces tough sledding in months to come.