Lower-Than-Expected Net Loss for Fourth-Quarter of Daimler
Submitted by Kadir bin Rashid on Thu, 02/18/2010 - 18:31
Daimler AG, the German car and truck maker, recorded a lower-than-predicted loss, thereby losing Euro 352 million in the fourth quarter consequently decreasing the share value around 8% to Euro 30.53 in Frankfurt morning trading. The fourth quarter loss for 2008 was Euro 1.53 billion resulting from the Daimler's merging partner Chrysler LLC's due charges as announced on Thursday by the former.
