DaimlerChrysler Posts $1.18B Quarterly Profit
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Automaking giant DaimlerChrysler AG said Thursday it earned 951 million euros ($1.18 billion) in the third quarter on good performances from its financial services division and its U.S. Chrysler arm, rebounding from a 1.7 billion euro loss a year ago when it had a large one-time write-off.
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Toyota Motor Corp., the worldâs most profitable carmaker, posted a 12.8 percent rise in first-half operating profit as strong overseas sales offset higher materials costs and losses from a weak dollar.
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Honda, which sells nearly half of its vehicles in North America, posted profit of $1.87 billion and revised upward its annual profit forecast.
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DaimlerChrysler AG Chief Executive Dieter  Zetsche said on Wednesday the German-U.S. auto maker was  sticking to its forecast for an operating profit of more than 6  billion euros for 2006 despite sales difficulties at its U.S.  Chrysler division.
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Toyota Motor Corp., Japan&#39;s top automaker, made a record operating profit of 866.2 billion yen in the first half of this business year, the company said.
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The company posted quarterly net profit of $904 million and revenue of $6.22 billion, up 29 percent from a year earlier.
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Hyundai Motor Co  posted a better-than-expected 45 percent rise in quarterly profit as output at South Korea's top auto maker spiked after it avoided a strike for the first time in 10 years and as domestic sales rose.
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DaimlerChrysler AG said Thursday it earned euro1.0 billion (&#36;1.27 billion) in the third quarter on good performances from its commercial vehicles division and its U.S. Chrysler arm, rebounding from a large loss a year ago.
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DaimlerChrysler AG said on Sunday that its global car sales for 2004 rose 2.1 percent to 3.9 million units.
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German-US car giant DaimlerChrysler said that it was able to lift overall vehicle sales last year, thanks to the strong performance of its Chrysler and Smart cars, while sales of its prestigious Mercedes brand declined.
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The German-US auto giant DaimlerChrysler posted weaker second quarter earnings on Wednesday but raised its full-year profit forecast thanks to a cash injection from its sale of shares in the aerospace group EADS.
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General Motors Corp.  said on  Wednesday it swung to a profit in the fourth quarter as it cut  costs and saw gains in its core auto operations.
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General Motors Corp.  said on Wednesday it swung to a profit in the fourth quarter as it cut costs and saw gains in its core auto operations.
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Quarterly profit beat expectations on strong growth in its international, ground and freight segments.
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German auto group Daimler published broadly positive third quarter results Thursday showing that strong sales of Mercedes cars offset a disappointing performance by its trucks division.
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Ford Motor Co. F.N on Thursday  reported a quarterly profit, reversing a year-earlier loss, as  earnings from its finance arm carried the money-losing  automaking operations.
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DaimlerChrysler (DCXGn.DE)  boosted global car sales 2.1 percent to 3.9 million units in 2004 as a strong showing by U.S. arm Chrysler offset a dip at flagship Mercedes Car Group, the world's fifth-biggest carmaker said on Sunday.