DaimlerChrysler Q1 sales down 9 pct on strong euro

Newswire

FRANKFURT, April 24 (Reuters) - German automaker DaimlerChrysler AG said on Thursday first quarter revenues fell 8.7 percent to 33.7 billion euros ($36.91 billion) due to the appreciation of the euro against the dollar. The group said in a statement that revenues rose two percent when adjusted to exclude currency translation. Its U.S. unit Chrysler saw first quarter revenues fall 21 percent to 12.7 billion euros, again mainly due to the euro's strength but also due to lower shipments. ...

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