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Daimler’s Second-Quarter Income Dips
DaimlerChrysler’s second-quarter net income fell 14% after the company took losses from its unprofitable Chrysler division, sold earlier this month, Bloomberg reported Wednesday.
Net income fell to about $2.5 billion from about $2.9 billion a year earlier, the company said.
DaimlerChrysler said it is likely to take a charge of 2.5 billion euros — about $3.4 billion — from the Chrysler sale, down from a previous estimate of as much as 4 billion euros or billion, Bloomberg said.
The truck division, the world’s largest manufacturer of commercial vehicles, aims to remain profitable even during a downturn, said truck unit chief Andreas Renschler, Bloomberg reported.
Daimler is the parent company of U.S. truck maker Freightliner LLC, which makes Freightliner, Sterling and Western Star trucks.