DaimlerChrysler lifted by strong Mercedes results

DaimlerChrysler posted today a third-quarter operating profit of 1.84B EUR (about $2.2B), up 38 percent and far ahead of analysts predictions. The strong results were driven by the Mercedes Car Group, up 43 percent in a dramatic turnaround from its loss-making first quarter of 2005. Strong results were also seen from DaimlerChrysler’s commercial vehicles division, and from Chrysler, which posted a operating profits of more than $370 million while rivals Ford and General Motors scored losses of $3.4 billion and $1.6 billion, respectively.

By s.waterman@p1data.com
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DaimlerChrysler posted today a third-quarter operating profit of 1.84B EUR (about $2.2B), up 38 percent and far
ahead of analysts predictions. The strong results were driven by the Mercedes Car Group, up 43 percent in a dramatic
turnaround from its loss-making first quarter of 2005.

Strong results were also seen from DaimlerChrysler’s commercial vehicles division, and from Chrysler, which posted a
operating profits of more than $370 million while rivals Ford and General Motors scored losses of $3.4 billion and $1.6
billion, respectively.