DaimlerChrysler U.S. sales plummet

Code Blue! Dr. Z to the E.R., stat! DaimlerChrysler released its U.S. sales results for July today, and investors are on life-support.

First the good news: Mercedes-Benz U.S. sales set a July record of 21,591 units, up 4 percent from last year.

Unfortunately, the bad news is really bad. Chrysler Group sales were down an astonishing 37 percent in July, to 150,349 vehicles, despite Chrysler's return to last summer's Employee Pricing, rebates and 0 percent financing.

Overall, DaimlerChrysler sales were down 34 percent.

[Source: Reuters]