Car giant hit by Mercedes slump
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DaimlerChrysler enjoys growth in worldwide sales but its luxury car division Mercedes-Benz suffers a slump in profits.
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A slowdown in automobile and financial advertising hurt the companyÂs advertising sales over the last few weeks.
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SINDELFINGEN, Germany  - 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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Sales and earnings at the sleepy end of predictions may put the brakes on CarMax's recent race.
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Britain&#39;s motor industry suffered a day of mixed fortunes yesterday with news of fresh job losses balanced by a Â£115m investment on Merseyside.
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Business & money: Ailing car giants push union to agree pay cuts.
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Cruising along the ever-stretching road of decline. Auto giant Ford Motor (nyse: F - news - people ) reported vehicle sales in October that fell 5% from a year ago.
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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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Automaker DaimlerChrysler AG said Thursday that its earnings fell 63 percent in the fourth quarter, with profits from luxury division Mercedes nearly evaporating.
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Volkswagen AG and DaimlerChrysler AG led a decline in Western European car sales in August as rising unemployment in Germany crimped consumer demand.
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General Motors' clever ad campaign comes up short.
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The head of DaimlerChrysler AG's troubled Mercedes division has warned that market conditions will worsen this year, further burdening the luxury car unit.
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Automakers including General Motors Corp. said US sales fell in August as gasoline prices near records hurt demand. General Motors and Ford Motor Co.
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General Motors Corp., the world&#39;s biggest carmaker, faced wider production cutbacks in Europe as a six-day protest against job-cut plans spread and a shortage of parts from Germany halted work at a Belgian car plant.
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DaimlerChrysler&#39;s flagship Mercedes Car Group intends to regain peak profit levels within the next few years after operating profit dips in 2004, division had Juergen Hubbert said on Thursday.
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The shockwaves generated by Bernie Ecclestone&#39;s decision to scrap the British grand prix rippled out yesterday to touch every corner of the country&#39;s motorsport industry, threatening Britain&#39;s position as the global centre of international motor racing.
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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.