Wednesday, October 25, 2006

MERCEDES UP, CHRYSLER DOWN

DaimlerChrysler posted quarterly net income of $679 million, down from $1.07 billion a year ago. Chrysler posted a $1.46 billion operating loss, while Mercedes operating profit soared to $1.24 billion from $547 million. Rumors have started circulating that parent DaimlerChrysler may be ready to sell ailing Chrysler.

Reuters
WSJ.com

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