Daimler to suspend production for one month: report

[FarCenter]

Sat Oct 25, 2:26 pm ET http://news.yahoo.com/s/afp/20081025/ts_afp/germanyautocompanydaimler;_ylt=AllJ7YX.rlphOKqP8nrj8MeyBhIF

BERLIN (AFP) – German carmaker Daimler, hit by falling demand amid the global financial crisis, plans to suspend production for a month beginning in December, a newspaper said in report due to appear Sunday.

The break in production would begin on December 11 and last until January 12, Frankfurter Sonntagszeitung reported, citing a company spokesman.

Daimler, the first luxury car maker to present its quarterly results, unveiled big falls in profits on Thursday and issued a new profit warning owing to the global banking crisis.

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