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TRUCKMAKERS NEWS * Germany: Daimler's
* Daimler Q4 earnings dip 29 percent on anti-trust set-aside
-- German car and truck maker Daimler AG says net profit fell 29 percent in the fourth quarter as the company set aside 600 million euros ($684 million) for potential costs from a European Union anti-trust investigation of truck makers... Net profit for the October to December quarter fell to 1.187 billion euros from 1.676 billion in the year-earlier quarter. Revenue rose 11 percent to 35.749 billion euros... The company's full-year profit figures nonetheless beat analyst estimates, and the company saw stronger profitability at its flagship Mercedes luxury brand. Daimler said it would raise its dividend to shareholders and give fat profit-sharing checks to its workers... EU officials informed truck makers in November they were suspected of colluding on pricing... Frankfurt, Germany -Associated Press/ABC, by DAVID McHUGH -Feb 5, 2015
Labels: truckmakers news Germany
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