The bean counters at DaimlerChrysler have decided to postpone the automaker's first quarter results, mainly due to a switch from one set of reporting standards to another. Instead of publishing the report in April, as expected, DCX plans to release its quarterly earnings sometime in mid-May.

A DaimlerChrysler spokesperson assured Automotive News that the delay was strictly due to the changes necessitated from shifting from the U.S. GAAP standards to the pan-European International Financial Reporting Standards (IFRS). Although many publicly listed companies made this transition in 2005, DCX was one of the few that put off the shift until 2007.

[Source: Automotive News – Sub. Req.]

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