Daimler, which owns Mercedes Benz and is the world’s largest truck manufacturer, put the loss down to a fall in vehicle sales across all its business units due to the global downturn.
The group sold 1.6m vehicles in 2009, compared with 2.1m in 2008. The group made a net profit of €1.4bn in 2009.
Chief executive Dieter Zetsche called the suspension of its dividend an “exception” and said Daimler would make a payout for 2010, when it forecasts a rebound at its premium car arm Mercedes will help the group post over €2.3bn for the full year.
Daimler chairman Dieter Zetsche, said: “Last year brought many great challenges also for Daimler. But as the year progressed, we made the group significantly more efficient.”