Germany’s Daimler has reported a loss for the first three months of 2009, after a big fall in the sales of its Mercedes-Benz cars and vans. The firm’s 1.29bn euros ($1.7bn; £1.1bn) net loss compares with a profit of 1.33bn euros a year earlier.
Sales of Mercedes-Benz cars during the quarter were down 27% from the year before to 231,200 vehicles.
Its results came as rival Porsche declined to comment on reports that Qatar wants to buy a stake in the firm. Full story…
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