Daimler to revise forecasts amid tough markets

BERLIN — German automaker Daimler AG is warning shareholders it expects 2013 to be difficult and that it may have to reassess its earnings expectations.

Chief executive Dieter Zetsche said at the company’s annual shareholder meeting Wednesday that ‘‘not much tailwind is anticipated from the markets in the coming months.’’


Daimler in February reported 2012 net profit of $8.5 billion and forecast flat underlying earnings for 2013.

But because of the market situation, particularly in Europe, Zetsche said the company will ‘‘reassess whether its previous market-related assumptions for 2013 are still valid.’’

Further details will be provided along with first-quarter results.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of