Daimler AG, the world抯 second largest maker of luxury cars announced燼 fourth quarter net loss of 1.53 billion euros ($1.93 billion), or 1.61 euros a share, compared with net income of 1.7 billion euros, or 1.70 euros, a year earlier.
Sales at the automaker dropped by 12 per cent to 23.2 billion from 26.5 billion the year earlier fourth quarter. Total earnings for 2008, were reported of 1.4 billion euros, a 65 per cent decreat from the near 4 billion euros reported a year earlier.
Daimler said Tuesday that global demand for automobiles could decrease by another 10% in 2009 from 2008.
Financial year 2008: Group EBIT of EUR2.7 billion (2007: EUR8.7 billion)
Net profit of EUR1.4 billion (2007: EUR4.0 billion)
Revenue of EUR95.9 billion (2007: EUR99.4 billion)
Dividend to amount to EUR0.60 per share (2007 EUR2.00)
Outlook: substantial burdens on EBIT anticipated for 2009
Intensified efficiency programs
Full report can be read on Daimler.com.
Homepage 
Financial
News 
