German auto maker Daimler AG reported a first quarter loss of 1.29 billion euros ($1.7 billion) Tuesday as the global economic crisis weighed heavily on demand for its cars and trucks. The loss compared with a net profit of more than 1.33 billion euros in the first quarter of 2008.
Sales fell 26 percent to 19 billion euros from 24 billion euros, as the recession deterred consumers from buying. Unit sales of cars and commercial vehicles saw an even sharper decline of 34 percent to 332,300 during the first quarter.
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