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Daimler Posts 3Q Loss of $2.18 Billion

FRANKFURT, Germany -- Automaker Daimler posted its first quarterly loss since 2003, with charges of $3.7 billion from the sale of Chrysler offsetting big gains by its Mercedes-Benz Car Group, according to the Associated Press.

But the 1.53-billion euro, or $2.18 billion, quarterly loss was anticipated by analysts, who were cheered by an otherwise solid performance, noting that sales were up in key U.S. and European markets.

Posted by Peter C. T. Elsworth  at 9:42 AM to Mercedes-Benz | Permalink

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