Daimler reports Q3 loss of $2.18 billion
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FRANKFURT, Germany (International Herald-Tribune) - Automaker Daimler AG, which sold off most of its stake in Chrysler this year, posted a loss of $2.18 billion for the third quarter on Thursday, largely because of write-offs related to the undoing of its merger with Chrysler. Analysts had expected a loss, given the Chrysler sale.  Excluding the one-time charges, the company said it would have posted profits of 1.1 billion euros ($1.57 billion).  Shares of Daimler rose 1.4 percent to 75.37 euros ($107.25) in Frankfurt.
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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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General Motors Corp. reported the largest annual loss for an automotive company Tuesday and said it is making a new round of buyback offers to US hourly workers as it struggles to turn around its North American business amid a weak economy
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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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America West Holdings Corp. on Wednesday posted a third-quarter loss and forecast losses going forward as soaring fuel prices, weak revenue and excess industry
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LONDON, October 28  - German automotive giant, DaimlerChrysler AG (DCX.ETR), reported robust profit growth for 3Q04, boosted by improved sales results at its Chrysler division in the US.
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General Motors reported third-quarter earnings that were well below Wall Street's expectations, including a loss in its North American automotive business.
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DaimlerChrysler said that its net income fell during the 2nd quarter and that it would take a charge of nearly $3.4 billion for the sale of the Chrysler Group to Cerberus Capital Management.
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Daimler AG  generated third-quarter earnings before interest and tax (EBIT) of 1.89 billion euros ($2.70 billion), just ahead of market expectations, as profits continued to rise at its Mercedes-Benz Cars division.
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DaimlerChrysler AG (DCXGn.DE) on  Thursday said U.S. vehicle sales fell 8 percent in February.
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DaimlerChrysler (DAIGn.DE) generated  second-quarter earnings before interest and tax of 2.13 billion  euros ($2.90 billion), the German carmaker said on Wednesday,  in line with market expectations.
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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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Sprint Corp. (FON.N: Quote, Profile, Research) on Tuesday reported a larger third-quarter loss due to a $3.5 billion write-down in the value of its long-distance assets.
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IT services provider Electronic Data Systems yesterday reported a net loss of $153 million for the third quarter, with earnings hit in part by an asset impairment charge of $375 million connected with EDS's N/MCI project.
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The loss was largely due to write-offs related to Daimlerâs sale of most of its stake in Chrysler.
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Sprint Corp. on Tuesday reported a wider loss for the third quarter as it wrote off &#36;3.5 billion in value for its long-distance assets.
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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.