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Posted AT 6:36 AM EST on 24/07/08

Daimler cuts earnings outlook

Reuters

FRANKFURT — � Daimler AG cut its 2008 earnings outlook on Thursday, saying it would not be able to offset a global growth slowdown, rising raw material prices and the strong euro by selling more vehicles and cutting costs. �On the basis of the divisions' projections, the Daimler Group expects to post EBIT from ongoing operations of more than �7-billion euros ($11-billion U.S.

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