FRANKFURT, Aug 21 (Reuters) - German-U.S. auto maker DaimlerChrysler said on Thursday its second-quarter results got a boost from foreign exchange trading, with more than half of operating profit generated by currency effects. A DaimlerChrysler spokeswoman said currency hedging and the impact of exchange rate fluctuations had contributed 350 million euros ($385 million) to its operating profit of 641 million in the last quarter. "This is not gambling. It's part of the operating ...
Premium Content (PAID Subscription Required)
"DaimlerChrysler Q2 flattered by FX trading profit" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.