GERMANY: Daimler sees "significantly lower" revenue in 2009
Global automobile markets will not pass through the worst of the recession until the second half of 2009 at the earliest, Daimler chairman Dieter Zetsche told the annual general meeting in Berlin today, adding that the automaker was preparing for a distinct decline in business volumes this year with revenue "likely to be significantly lower than in the prior year in all automotive divisions and further substantial burdens on group earnings anticipated".
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