STUTTGART, Germany – German car and truck maker Daimler AG says it lost euro352 million ($482 million) in the fourth quarter of 2009 amid the global economic slump.
The loss compares with a euro1.53 billion loss in the fourth quarter of 2008.
Revenue for the October-December period was euro21.3 billion, compared with euro23.2 billion in the fourth quarter of 2008.
The Stuttgart-based company said Thursday the economic crisis is not over but that it expects growth in emerging economies to help its business home kerosene heaters.
The earnings follow an announcement late Wednesday renewing Chief Executive Dieter Zetsche's contract until Dec. 31, 2013.
