FRANKFURT, Germany (AP) _ DaimlerChrysler AG said Wednesday its
overall profit fell 14 per cent in the second quarter, but that
profits rose from its Chrysler Group and the related financial
services business in North America.
The entire company posted a profit of 1.85 billion euros (US$2.53
billion) in the April-June period compared with 2.15 billion euros a
Its profit from continuing operations was 1.4 billion euros
($1.91 billion) compared to 1.8 billion euros a year earlier.
Overall sales fell to 23.8 billion euros ($32.52 billion) from
24.6 billion euros last year.
But it said the Chrysler Group and related financial services in
North America earned 406 million euros ($554.8 million) in the
second quarter, an 18 per cent rise from 342 million euros last
DaimlerChrysler sold the Chrysler and North American financial
services units to Cerberus Capital Management LLC earlier this month
in a deal that saw the private equity group take an 80.1 per cent
stake in Chrysler for $7.4 billion.
The company also said it ``anticipates a charge against
earnings'' of 2.5 billion euros ($3.42 billion) for the year, below
its initial estimates of three billion euros to four billion euros
($4.1 billion to $5.47 billion).