After record year, Daimler forecasts moderate growth in 2008
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Reporting record performance for 2007, German luxury car maker Daimler forecast on Thursday more moderate growth in 2008 owing to a weakening global economy and the effects of the US housing crisis.
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Sales at DaimlerChrysler rose 2.1% in 2004, as Chrysler makes up for weakness at luxury marque Mercedes, the German-US carmaker says.
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Forecasts for the U.S. auto market are  downsizing as consumers reel but Japanese carmakers are  confident of another year of record sales in their most  important market in 2008, buoyed by strong fuel efficiency
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DaimlerChrysler's (DCXGn.DE) third-quarter operating profit rose 7 percent, just below analyst expectations, as gains at U.S. arm Chrysler helped offset weaker earnings at premium carmaker Mercedes.
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'Substantial progress in the last year'
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DaimlerChrysler  is looking towards a rosy future after the sale of its U.S. arm Chrysler, the car maker's chief executive told a German newspaper.
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IT spending is forecast to grow in the high single-digits next year and remain on that pace through 2008, according to two reports released Monday by Forrester Research.
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Germany's Daimler AG , the world's biggest truckmaker, does not expect the truck market in the United States to rebound until early next year, Chief Financial Officer Bodo Uebber told a conference call on Thursday.
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General Motors Corp.  on Friday cut its outlook for industry-wide U.S. auto sales in 2007, estimating annual sales of about 16.8 million vehicles, down from an earlier forecast of 17 million units.
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The company cited growth in its global business, supply chain and freight unit, as well as modest growth in its U.S. package business despite a sluggish economy.
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HANOVER, Germany  - DaimlerChrysler's trucks   business will improve its profitability in 2006 and be able to   withstand weaker market conditions next year, division head   Andreas Renschler said on Tuesday.
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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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Global sales at DaimlerChrysler AG's  premium division Mercedes Car Group rose 5.3 percent last month to 110,800 units, a record for November, the world's fifth-biggest automaker said on Wednesday.
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Daimler AG's profit rose to $5.83 billion in 2007 as demand for its upscale sedans and SUVs drove sales, the German automaker reported Thursday.
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DaimlerChrysler AG said strong demand should create some 4,000 new jobs in its commercial vehicles division by the end of the year - including 3,000 jobs in Portland, Ore.
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An IDC report predicts that the market will grow at a compound annual growth rate (CAGR) of 20 percent to ship over 50 million units in 2008, up from just 12.
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US-German auto group DaimlerChrysler will begin building trucks in China next year and commercial vans in 2006, the president of the company's trucks division said.