DaimlerChrysler warns on 2006 profit
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DaimlerChrysler (DCXGn.DE) cut its  2006 operating profit forecast by around 1 billion euros ($1.27  billion) on Friday and predicted U.S. arm Chrysler could lose  1.2 billion euros in the third quarter, much worse than first  thought.
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DaimlerChrysler paid a $30 million fine in 2007, the most ever by an automaker, for failing to meet federal fuel-efficiency standards.
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Ford (NYSE: F) may have proclaimed the 2005 model year as the &quot;Year of the Car,&quot; but DaimlerChrysler (NYSE: DCX) threatens to steal its thunder in 2005 and beyond.
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Costs linked to recalls and quality problems at DaimlerChrysler&#39;s Japanese truck and bus unit will hit third-quarter operating profits by $493 million, according to the company.
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Automaker DaimlerChrysler AG lowered its 2006 operating profit forecast Friday, saying its Chrysler Group expects a $1.52 billion loss in the third quarter, more than double the amount anticipated.
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DaimlerChrysler warns it could lay off up to 4,000 jobs at it North American truck operations next year.
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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 US Chrysler arm, rebounding from a 1.7 billion euro loss a year ago when
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German carmaker Daimler  aims for higher growth and to be one of the world's most profitable car manufacturers, its chief executive told workers in a letter, Frankfurter Allgemeine Sonntagszeitung reported.
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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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Fourth-quarter operating profit at DaimlerChrysler rose to 1.877 billion euros ($2.45 billion) despite an operating loss at U.S. arm Chrysler, the world's fifth-biggest carmaker said on Wednesday.
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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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German-US auto giant DaimlerChrysler has said that growth of overall group earnings last year was capped by heavy losses at the US subsidiary Chrysler.
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An earnings stumble at  DaimlerChrysler's Mercedes flagship tarnished higher profits at  the world's fifth-biggest automaker on Thursday and stoked  questions about the loss-making Smart compact's future.
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DaimlerChrysler generated 2nd-quarter earnings before interest and tax of 2.13 billion euros ($2.90 billion), the German carmaker said, in line with market expectations.
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FRANKFURT - An earnings stumble at DaimlerChrysler&#39;s Mercedes flagship tarnished higher profits at the world&#39;s fifth-biggest automaker on Thursday and stoked questions about the loss-making Smart compact&#39;s future.
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DaimlerChrysler'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 largest used-car dealer in the nation said 2006 earnings would exceed its forecast as rising sales reduced the need for price cuts.