Home
Daimler finds car market unresponsive
South East Asia News.Net
Thursday 24th July, 2008
German car maker Daimler has cut its full-year profit forecast on Thursday owing to a recent deterioration in auto markets.
Seven billion euros is the current forecast, against the previous outlook slightly above the 2007 figure of 7.7 billion euros.
Daimler’s chairman Dieter Zetsche has acknowledged the company is not doing well in either Spain, the UK, South Africa or Japan.
Daimler’s fortunes have been marked by several major changes over the past year, including a charge of 373 million euros linked to Daimler's former US unit Chrysler.
Daimler also paid 640 million euros to raise its stake in the German auto parts maker Tognum.
 Email this story to a friend
Have your say on this story
|
 |
 |
- Melbourne prepares to fend off Sydney in tennis battle
Sydney, Oct 11 (DPA) Sydney is plotting a marketing coup in hopes of stealing the Australian Open away from its longtime Melbourne home by making a more attractive offer to international tennis authorities. [read story]
- Ponting will surpass Tendulkar: Chappell
Melbourne, Oct 11 (IANS) Ricky Ponting's flamboyant maiden hundred on Indian soil led Greg Chappell to foretell that the Aussie skipper will eventually pass Sachin Tendulkar's record of maximum Test centuries. [read story]
- Infiltration bid along LoC in J-K foiled
Srinagar, Oct 11 : Army troops on Saturday shot dead a Pakistani militant in a gun battle in Poonch District of Jammu and Kashmir, foiling another infiltration bid by militants along the Line of Control (LoC). [read story]
- Pak NSA arrives in India with an agenda of promoting friendship
New Delhi, Oct.11 : Pakistan National Security Advisor Mahmud Ali Durrani arrived here on Saturday on a five-day visit to India with an agenda focused on promoting friendship between the two countries. [read story]
- Zardari, Gilani meet, discuss counter-terrorism initiatives
Islamabad, Oct.11 : pakistan President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani met on Saturday and reportedly discussed matters relating to law and order, the military operation against insurgents in tribal areas, the President [read story]
|
|
 |
 |
|
|
