$49.45
0.90 (+1.85%)
Daimler AG (USA) (DAI)
CAPS Rating:
The Company develops, manufactures, distributes and sells a range of automotive products, mainly passenger cars, trucks, vans and buses. It also provides financial and other services relating to its automotive businesses.
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Car sales are down in general due to the uncertain economy and tight credit. I also doubt that people want to buy a new expensive car that runs on only gas. Its like buying an old computer at an inflated price. When the auto industry comes out with a good quality gas/electric car or minivan that is a good value, then buyers will return.