Daimler AG to help its dealerships
Date:2008-11-27
Der Spiegel reports Daimler AG, the maker of Mercedes Benz cars, has paid its dealerships $66.3 million for losses and offered up another $12.5 million so the dealerships can buy showroom models.
The news comes from an advance report of Monday's edition of the weekly magazine.The report says many of the Stuttgart, Germany-based company's independent dealers are suffering because they also sell Daimler's truck models, and that the truck business has come "almost to a standstill."
The report says Daimler's additional company-owned dealerships are also seeking financial help from the company.Daimler could not immediately be reached for comment.
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