Daimler sees sharp drop in revenue

  • Business Premium
  • Thursday, 09 Apr 2009

BERLIN: German carmaker Daimler forecast a “significant” drop in revenue in all of its motor vehicle businesses this year as it pushed back its expectations of when the crisis-hit industry might recover.

The company said yesterday it still anticipated a hefty loss in the first quarter and thought a turnaround in car markets unlikely before the second half of the year at the earliest.

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