Daimler 2007 profit rises
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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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Quarterly profit beat expectations on strong growth in its international, ground and freight segments.
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Air France-KLM  on Thursday posted a 32.5 percent rise in 2006-07 operating profit, led by passenger traffic growth, and announced a plan to save 1.4 billion euros over three years, boosting its shares.
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STUTTGART, Germany  - DaimlerChrysler's  market-leading trucks business will make an operating profit this year despite a sharp U.S. market contraction, division head Andreas Renschler told reporters on Friday.
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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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The company said second-quarter profit rose 7 percent, to $460 million, helped by higher information technology sales and an insurance gain at its shipbuilding unit.
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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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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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DaimlerChrysler AG, the world&#39;s fifth- biggest carmaker, reported a third-quarter profit as Chrysler&#39;s US sales rose. Volkswagen AG&#39;s earnings fell a seventh quarter in a row on higher sales incentives and Fiat SpA&#39;s loss widened.
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Anheuser-Busch Cos. Inc.  on  Wednesday posted a better-than-expected 7.4 percent increase in  quarterly profit on strong U.S. growth led by Bud Light,  imports such as Grolsch and lower-than-expected costs.
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Unlike its rivals, the automaker makes a profit selling cars and gains US market share. By Brett Clanton / The Detroit News. Chrysler&#39;s ongoing recovery got another boost Thursday as the automaker reported
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Ford Motor Co.  on Tuesday reported a higher-than-expected quarterly profit on strength in its finance arm.
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Automaker posts third-quarter net income up 7.5%, but strengthening yen and discouraging outlook for U.S. economy temper sales forecasts for the year to come.
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Global food giant Nestle announced a 14.0-percent rise in 2006 net profit to 5.7 billion euros on Thursday and said prospects for 2007 looked good as it moved further into the health and well-being markets.
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Daimler posted its first quarterly loss since 2003, with charges of $3.7 billion from the sale of Chrysler, but analysts cheered big gains by its Mercedes-Benz Car Group.
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Operating profit at German industrial group MAN AG  rose 57 percent to 354 million euros ($457.6 million) in the fourth quarter, it said on Tuesday, beating market expectations.
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Third-quarter operating profit at Volkswagen  rose more than 50 percent thanks to resurgent earnings at its core VW brand after the world's fourth-largest carmaker cut thousands of jobs last year.