DaimlerChrysler Returns to Profit, Helped by Chrysler
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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 and a year-earlier write-off wasn&#39;t repeated.
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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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The Chrysler Group, the North American arm of DaimlerChrysler AG, continued on its hot streak last month as the only domestic automaker with increasing US sales.
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Ford Motor Co. on Thursday reported a  quarterly profit, reversing a year-earlier loss, on the  strength in its finance arm.
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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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DaimlerChryslerâs willingness to cut loose its Chrysler Group is drawing cheers from investors but Wall Street analysts were skeptical of an outright sale of Chrysler to G.M.
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The Chrysler Group of DaimlerChrysler AG was the only domestic car company that gained ground during November, marking its eighth straight month of US vehicle sales increases.
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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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The German-US auto giant DaimlerChrysler is confident the next few years will be positive now that it is getting rid of its loss-making US arm, Chrysler, chief executive Dieter Zetsche said in a newspaper interview published on Monday.
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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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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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Flush with cash after selling Chrysler, DaimlerChrysler  will spend up to 7.5 billion euros ($10.20 billion) to buy back nearly 10 percent of its shares over the next year, the carmaker said on Wednesday.
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DaimlerChrysler&#39;s third-quarter operating profit rose 7 percent, just below analyst expectations, as gains at US arm Chrysler helped offset weaker earnings at premium automaker Mercedes.
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European shares moved higher on Monday, with DaimlerChrysler (NYSE:DCX) leading the carmakers after reports it was in talks with General Motors (NYSE:GM) and other potential suitors over the sale of its US Chrysler division.
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Automaking giant DaimlerChrysler AG said Thursday it earned nearly $1.2 billion US in the third quarter on good performances from its financial services division and its US Chrysler arm, rebounding from a big loss a year ago when it had a
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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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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.