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Daimler

A file photo taken on April 13, 2011 shows people next to a Daimler logo outside the venue of Daimler's annual shareholders meeting in Berlin. German automaker Daimler said on April 17, 2013 it pocketed 2.2 billion euros ($2.9 billion) from the sale of its remaining 7.5-percent stake in the European aerospace and defence group EADS.

Newsday's coverage

  • European recession hits major car makers

    -- Europe's stubborn recession cut deeply into profits at major automakers Ford, Volkswagen and Daimler , first-quarter results showed Wednesday as the industry began reporting earnings.Germany's Volkswagen AG said its first-quarter net profit fell 38 percent   Read more »

  • Mercedes February sales down 5.8 percent

    earlier as deliveries in China dropped sharply -- at least in part due to the timing of this year's Chinese New Year holiday. Daimler AG said Thursday the luxury automaker delivered 90,083 cars worldwide last month.Sales in China dropped 47 percent to 10,134.   Read more »

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