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Daimler Returns a Small Q3 Profit

Six billion in losses later, black ink returns.

by on Oct.29, 2009

Zetsche's team provides some postive results.

Zetsche's team provides some positive results.

After a run of heavy losses totaling almost $6 billion, Daimler AG expects to finish 2009 with a fourth quarter profit.

The German automaker finished the third quarter with a net profit of $60 million despite a steep 26% plunge in sales.

Daimler chief executive, Dieter Zetsche, Chairman crowed that, “In recent months, we have increasingly mastered the crisis. Daimler has been able to maintain its financial flexibility and has intensified the actions taken to enhance efficiency, while pushing forward with the development of new products and markets. We are now very well positioned and can look with confidence to the coming year, which will remain challenging due to the still-difficult situation of automobile markets worldwide.”

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