DaimlerChrysler Boosts Car Sales 2.1 Pct
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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.
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DaimlerChrysler AG  said on Friday U.S. vehicle sales rose 5 percent in November from a year earlier, when the automaker scaled back big discounts.
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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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Retail sales, helped by sizzling activity in auto showrooms, jumped by 1.2 percent in December, providing a solid finish to a year in which sales climbed at the fastest pace since 1999. The increase pushed total spending for the month to a seasonally adjusted $349.4 billion, the Commerce Department said.
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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 cash from its sale of shares in the aerospace group EADS.
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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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GM Europe , increased vehicle sales by 5.3 percent to a record 1,127,871 units in the first half as a surge in demand for its Korean-built Chevrolet brand cars compensated for a hefty decline in Saab sales.
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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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General Motors Corp said its September sales jumped 25per cent, boosted by strong demand for its pick-ups and sport-utility vehicles.
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The introduction of Mercedes' B-Class models will raise group unit sales by 100,000 per year from the second year of B-Class production, Mercedes Car Group head Juergen Hubbert said.
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Shares of DaimlerChrysler climbed yesterday after media reports that General Motors was in talks to buy the German firm's Chrysler division.
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DaimlerChrysler, the world's second-largest maker of luxury cars, announced a record stock buyback and raised its profit forecast on higher Mercedes-Benz earnings and lower costs from the sale of Chrysler.
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Italian industrial group Fiat, based largely on autos, reported a bigger-than-expected rise in second-quarter net profit and raised its forecast for the year.
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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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Chrysler Group sales outside North America rose 9 percent in February to 15,194 units, the U.S. arm of DaimlerChrysler  said on Monday.
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Ford Motor Co. , General Motors Corp. , and DaimlerChrysler AG's Chrysler unit can boost annual profit by as much as a combined $2 billion by raising the fuel economy of their vehicles, according to a study released yesterday.
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Buoyed by rising exports and a rebounding domestic economy Brazilian auto makers, led by General Motors Corp., Fiat SpA and Volkswagen AG, increased production 20 percent in 2004 to 2.2 million vehicles, the country's auto industry association said Friday.