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Daimler Surprises With Return to Profit

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Cyprus Company Formation
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Dec 30, 2008
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After a series of tough quarters, carmaker Daimler has managed to cut costs enough to return to profitability. The Stuttgart-based company’s shares soared Oct. 19 after it reported an operating profit of $703 million in the third quarter. Though profit was down 39% from a year earlier, the ...


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