Mercedes shoots for $5 billion profit by 2008

Reuters reports German press rumors that Dieter Zetsche’s plans for Mercedes include pumping operating profits to $5.1 billion by 2008. His plans for DaimlerChrysler, where he becomes chief executive in January, allegedly aim for group operating profit of more than $9 billion in 2008, vs $5.75 billion in 2004.

By s.waterman@p1data.com
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Reuters reports German press rumors that Dieter Zetsche’s plans for Mercedes include pumping operating
profits to $5.1 billion by 2008. His plans for DaimlerChrysler, where he becomes chief executive in January, allegedly
aim for group operating profit of more than $9 billion in 2008, vs $5.75 billion in 2004.

Parallel
rumors in the German press about cost cuts at DaimlerChrysler predict up to 16,000 jobs cut over the next three years.
The company declined to comment.