Daimler expected to report massive losses as the recession takes hold on the car market
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Sebastian KatzerFebruary 17, 2009
We will soon find out just how ugly the car market has become for the German automaker Daimler. The company reporting fourth quarter results this Tuesday--and is expected to post the first quarterly loss since it sold Chrysler. Analysts are forecasting a loss around 225 million euros. Shares in Daimler are lower in pre-hours trading. +++ Syn-Maz +++