Daimler lowers 2012 outlook as Q3 net profit slips

Associated Press
Daimler lowers 2012 outlook as Q3 net profit slips

FILE - In this April 7, 2009 file photo, the star emblem on the hood of a Mercedes-Benz car produced by Daimler is seen near Potsdam Square, Potsdamer Platz, in Berlin. German automaker Daimler AG said Wednesday, Oct. 24, 2012 its net profit in the third quarter declined 11 percent to euro 1.20 billion ($1.6 billion) from euro 1.36 billion a year ago. The company says overall revenues rose by 8 percent to euro 28.6 billion thanks to stronger sales of its Mercedes Benz luxury cars. (AP Photo/Gero Breloer, File)

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