EARNINGS : Daimler-Benz Sales Climb
From Times Wire Services
STUTTGART, Germany —
Daimler-Benz AG, Germany’s largest corporation, today reported an improvement in group net earnings but said that a continued decline of the U.S. dollar will hurt the company’s domestic production.
The company said its nine-month group earnings were $880 million, compared to $846 million in the same period last year. Group sales climbed 6% to $41 billion during the same period.
The board of directors of Daimler-Benz said in the report that the sinking dollar could have a negative impact on the competitiveness of goods produced at the company’s domestic production sites.
