Mercedes first quarter sales down 27 percent

Posted on April 28th, 2009 by In51der in Manufacturers, News

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…

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