DaimlerChrysler says 2Q pretax for Mercedes nearly doubles to US$1.65B News AutoNews24h.com

DaimlerChrysler says 2Q pretax for Mercedes nearly doubles to US$1.65B

Auto News : Auto Industry : DaimlerChrysler : DaimlerChrysler says 2Q pretax for Mercedes nearly doubles to US$1.65B

FRANKFURT, Germany (AP) _ The Mercedes Car Group of DaimlerChrysler AG saw its pre-tax profit nearly double in the second quarter, the German-American automaker said Wednesday.

The company said the Mercedes unit earned 1.2 billion euros (US$1.65 billion) in pre-tax profit in the second quarter, up from 690 million euros a year earlier. Second-quarter sales rose slightly to 12.56 billion euros ($17.26 billion) from 12.5 billion euros a year earlier.

The company did not report results from the Chrysler Group and Chrysler Financial because of their impending sale. DaimlerChrysler provided no update on the deal.

The world's fifth-biggest car maker by sales announced in May that it would sell an 80.1 per cent stake in the Chrysler Group to Cerberus Capital Management LP.

The discontinued activities of Chrysler Group and Chrysler Financial will be included in a complete interim report due on Aug. 29.

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