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Mercedes first quarter sales down 27 percent

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…

Apr 28, 2009In51der
  • VW profit up 94 percent in first quarter 2010
  • Gulf state of Qatar to buy 10 percent stake in Porsche
  • Mercedes sell 52 percent more cars in “communist” China
  • Porsche turn down VW “rescue” deal
  • Porsche global sales down 28 percent
  • Qatar may buy VW or Porsche stake
  • Fiat linked with Vauxhall/OpelUsed car activity slows down, but is this just the norm?
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