Daimler says sees Chrysler earnings rising from '04

Newswire

FRANKFURT, Feb 19 (Reuters) - DaimlerChrysler said on Thursday it expected earnings at its ailing Chrysler unit to increase from 2004 after the business posted a 506 million euro ($645 million) loss last year. "Due to the launch of 25 new products between 2004 and 2006 and further efficiency improvements, the division expects rising earnings beginning in 2004," Daimler said in a statement. Chrysler, facing a U.S. price war and fierce competition from Japanese rivals, has long been a ...

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